Candlestick’s Woodruff Calls 150% Surge in United Airlines Stock

Candlestick Capital Management Founder Jack Woodruff said he expects shares of United Airlines to more than double in the next two years.

Ongoing structural changes in the air travel industry are under-appreciated by the market, Woodruff told an audience at the JPMorgan/Robin Hood Investors Conference on Wednesday. He said so-called network carriers like United will ultimately benefit, according to people in attendance, who asked not to be identified as the event is closed to media.