Imperial Capital on US Airways Group (LCC)
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Price: $18.19 +1.45%
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
9 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade LCC Now!
Imperial Capital today maintained an Outperform rating on US Airways Group (NYSE: LCC) with price target of $17.00, but analyst lowered Q4 estimates to reflect the impact from Hurricane Sandy.
"Cancellations resulting from Hurricane Sandy reduced revenue and expenses in October. More importantly, reduced traffic in November, once flights were resumed, impacted November earnings, as well," said analyst Bob McAdoo.
Looking forward, analysts at Imperial said they continue to view LCC as their favorite idea among the airlines.
"We believe we will soon learn the outcome of the deliberations regarding a possible LCC takeover or merger with AMR Corp. We expect a positive impact on LCC shares as a result of the emergence of AMR from Chapter 11 protection," said McAdoo.
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 $12.92 yesterday, with a 52 week range of $4.16-$14.51.
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"Cancellations resulting from Hurricane Sandy reduced revenue and expenses in October. More importantly, reduced traffic in November, once flights were resumed, impacted November earnings, as well," said analyst Bob McAdoo.
Looking forward, analysts at Imperial said they continue to view LCC as their favorite idea among the airlines.
"We believe we will soon learn the outcome of the deliberations regarding a possible LCC takeover or merger with AMR Corp. We expect a positive impact on LCC shares as a result of the emergence of AMR from Chapter 11 protection," said McAdoo.
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 $12.92 yesterday, with a 52 week range of $4.16-$14.51.
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