UPDATE: Sterne Agee Upgrades US Airways Group to Buy on Stronger Domestic Outlook

Sterne Agee raises its rating on US Airways Group LCC from Neutral to Buy and increases its price target from $14 to $18 on stronger domestic outlook and acquisition optionality. Sterne Agee notes, "While perhaps somewhat late to the game, we are upgrading the shares of US Airways from Neutral to Buy - the primary catalysts are lower fuel prices, stronger-than-expected domestic yields, and the ability to navigate the current tight capacity environment better than we had expected. With recent news out of AMR (AAMRQ - $0.52, Neutral), LCC may now have additional optionality into that outcome." LCC closed at $11.32 on Friday.
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Posted In: Analyst ColorUpgradesPrice TargetPre-Market OutlookAnalyst RatingsSterne Agee
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