Analyst raises UAL to 'buy'

The following is a list of stocks, on which analysts changed their ratings or began coverage today. The stock symbols are listed in parentheses after the companies' names.

• Continental Airlines Inc (CAL US) was raised to "Buy" from "Fairly Valued" at CRT Capital by equity analyst Michael Derchin. The target price is $30.00 per share.

• Chicago-based UAL Corp (UAUA US) was raised to "Buy" from "Fairly Valued" at CRT Capital by equity analyst Michael Derchin. The target price is $26.00 per share.