UBS Maintains a 'Buy' on US Airways Group (LCC); AMR Deal Closer...Industry To Benefit
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Price: $22.55 --0%
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on US Airways Group (NYSE: LCC) price target raised $1 to $13.50.
Analyst, Kevin Crissey, said, "With US Airways having won AMR union support for a merger, the company has taken a big step toward a long desired merger. We believe LCC mgmt viewed labor as the key variable in whether or not a merger happened. However, there are many more steps to go and a LCC/AMR merger is not a formality...We believe there is a potential double in the stock ($18 valuation) should a merger be consummated and the synergies outlined (sharply haircut from mgmt guidance) be achieved...The whole US airline industry is likely to benefit from further industry consolidation, should it happen."
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 $9.03 yesterday.
Analyst, Kevin Crissey, said, "With US Airways having won AMR union support for a merger, the company has taken a big step toward a long desired merger. We believe LCC mgmt viewed labor as the key variable in whether or not a merger happened. However, there are many more steps to go and a LCC/AMR merger is not a formality...We believe there is a potential double in the stock ($18 valuation) should a merger be consummated and the synergies outlined (sharply haircut from mgmt guidance) be achieved...The whole US airline industry is likely to benefit from further industry consolidation, should it happen."
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 $9.03 yesterday.
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