Continental Airlines (CAL) up 4.6% after an upgrade to Buy from Stifel Nicolaus, throwing CAL...

|About: American Airlines Group (AAL)|By:, SA News Editor

Continental Airlines (CAL) up 4.6% after an upgrade to Buy from Stifel Nicolaus, throwing CAL into the United (UAUA)-US Airways (LCC) fray. "We believe Continental has long had the desire to merge with UAL, but felt no sense of urgency to do so... Reports of an imminent UAL-US Airways merger could likely force Continental's hand." Airlines up: UAUA +3.5%; LCC +3.7%; LUV +1.2%; DAL +0.8%; AMR +0.6%.