Morgan Stanley Opens 60-Day Research Tactical Idea on US Airways Group

Morgan Stanley has opened a research tactical idea on US Airways (NYSE: LCC) believing the share price will rise over the next 60 days.

In the report, Morgan Stanley writes, "Importantly, DAL guided to Jan PRASM up 15% vs. our 10% est and 1Q12 guidance implies that such strength is likely to be sustained throughout the quarter. Though LCC will open higher, we believe DAL's guidance offers (1) a read across for LCC guidance which will be reported on its conf call this afternoon and (2) correlated PRASM guid. strength is likely to trigger a near-term rally as stocks benefit from multiple expansion in the wake of demand-fear-driven multiple contraction seen in recent months."

Morgan Stanley maintains its Equal-weight rating on US Airways, which closed yesterday at $6.41.