UPDATE: Deutsche Bank Raises PT to $20 on US Airways Group on Improved Outlook in Earnings
Deutsche Bank reiterated its Buy rating on US Airways Group (NYSE: LCC) and raised its price target from $14 to $20 in a research report published today.
In the report, Deutsche Bank stated, "We are raising our June Q diluted EPS estimate from $1.10 to $1.65 (vs. consensus of $1.40) following the release of the company's June monthly traffic report and quarterly update. While revenue trends are a tad softer than what we were expecting (6% PRASM for month of June vs. our 7% forecast), the p&l impact is more than fully offset by lower fuel prices (now $3.20/gal vs. our prior forecast of $3.38/gal)."
US Airways Group closed at $12.95 on Tuesday.
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