UPDATE: Imperial Capital Raises PT to $28 on US Airways Group on New Earnings Guidance

Imperial Capital reiterates its Outperform rating on US Airways Group

and increases its price target from $20 to $28. Imperial Capital notes, "We are raising our 2012 estimates to reflect new earnings guidance US Airways provided on 7/5/12. The company is able to fully benefit from the drop in fuel prices as a result of forgoing fuel hedging. Management also guided to lower cost estimates than our model forecasts." US Airways Group closed at $13.21 on Tuesday.