United Continental: At That Speed Will You Be Able to Pull Out in Time?

The once-hated airline sector has performed so well during the past few months that...it's starting to get hated again? Yesterday, Cowen cut American Airlines ( AAL ) and United Continental ( UAL ), among others, to Market Perform from Outperform , and while Morgan Stanley's Rajeev Lalwani and team followed didn't go that far, they cut United Continental to Equal Weight from Underweight, even as they remained upbeat on the industry. They explain why: