United Airlines shares surge 9.56% after-hours as Citi boosts price target to $140 and firm announces $1 billion senior notes offering.

United Airlines Holdings Inc. (UAL) surged 9.56% in after-hours trading following a significant increase in institutional ownership and positive analyst sentiment. Optas, LLC raised its stake by 26.39% through a $310,640 investment in UAL shares, while other institutional investors, including Westwood Wealth Management and SIGNATUREFD, LLC, also increased holdings. These purchases signaled confidence in the airline’s recovery and strategic initiatives, such as its $1 billion senior notes offering and upcoming presentation at the Barclays Industrial Select Conference. Additionally, Citi raised UAL’s price target and maintained a bullish outlook, reinforcing investor optimism. The stock’s after-hours rally aligns with the broader institutional buying trend and analyst upgrades, despite unrelated insider selling activity mentioned in the data.