Imperial Capital Boosts PT on US Airways (LCC)

April 24, 2013 11:33 AM EDT
Get Alerts LCC Hot Sheet
Price: $22.55 --0%

Rating Summary:
    9 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 13 | New: 10
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Imperial Capital raised its price target on Outperform-rated US Airways Group (NYSE: LCC) from $20 to $24 following first quarter results.

"LCC reported adjusted 1Q13 EPS of $0.31 versus our estimate and consensus of $0.26. The company commented on some of the challenges as a result of the Sequester. Despite these ongoing challenges, we remain buyers of LCC stock based on the expected completion of a merger with AMR in 3Q13. We are raising our price target to $24 based on 5x our next-12-month EPS of $4.74, which incorporates the recent decline in fuel prices. With a strong underlying business and a catalyst in the potential transaction with AMR, LCC stock remains our top pick."

For an analyst ratings summary and ratings history on US Airways Group click here. For more ratings news on US Airways Group click here.

Shares of US Airways Group closed at $16.30 yesterday.

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