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Enter Symbol:
Rating: CAL
Buy $17
down 21.00 %

Next Generation upgraded Continental Airlines, Inc. (NYSE: CAL) to Buy with price target $17

Monday,  Nov 2, 2009  9:25 AM ET by Betsy O'Brien Harrison

Next Generation upgraded Continental Airlines, Inc. (NYSE: CAL) to Buy with price target $17. Previously Next Generation upgraded to Continental Airlines, Inc. (NYSE: CAL) to Sell
with price target $8 on 07/14/2009, when the stock price was $9.72. Since then, Continental Airlines, Inc.'s stock price has gained 21% as of 11/02/2009's recent price of $11.80.
If you would have followed the previous Next Generation's recommendation on CAL, you would have lost 21% of your investment in 111 days.

Continental Airlines, Inc. (Continental) is a United States air carrier engaged in the business of transporting passengers, cargo and mail. The Company operates in two business segments: mainline and regional. Including its wholly owned subsidiary, Continental Micronesia, Inc. (CMI), and regional flights operated on its behalf under capacity purchase agreements with other carriers, it operated more than 2,800 daily departures. As of December 31, 2008, Continental flew to 120 domestic and 121 international destinations, and offered additional connecting service through alliances with domestic and foreign carriers. The Company directly served 10 Canadian cities, 25 European cities, seven South American cities and six Asian cities from the United States mainland as of December 31, 2008. In addition, it provides service to destinations in Mexico and Central America serving 39 cities. Through its Guam hub, CMI provides service in the western Pacific, including service to Japanese cities.

Next Generation Equity Research, LLC is an equity research boutique focused on the needs of the institutional investor. Our mission is to provide unbiased, idea-driven research on small to mid cap-sized companies.

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