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J.P. Morgan Securities raised its price target on some ofthe airline stocks, saying firm Revenue Per Available Seat Mile(RASM), a measure of unit revenue for airlines, and retreatingoil prices bode well for their third-quarter 2013 earnings. Thebrokerage upgraded the stock of US Airways to "overweight" from"neutral" and raised its price target to $26 from $18, sayingthe company's "stand-alone prospects" are better than implied bythe market. The brokerage also upgraded the stock of Delta AirLines to "overweight" from "neutral", while raising the pricetarget to $26 from $22.
2021-3-14 13:33:23 |
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