With a new CFO and president, the added depth to United's management prompted Raymond James analyst Savanthi Syth to upgrade the airline to "outperform."
"We have increased conviction that United will be able to start diminishing its margin gap versus its peers," Syth wrote in a note published Tuesday. The analyst does not expect meaningful change in the company's near-term earnings, but said the new hires should "bolster investor sentiment."
Raymond James also introduced a price target of $65, implying a 38.5 percent upside from the stock's Monday close of $46.95.
Including Tuesday's gains, shares of United Continental have fallen 11 percent so far this year but are up more than 24 percent this quarter.