Dahlman Rose Maintains Buy on US Airways Group (LCC)

Dahlman Rose is out with its report today on US Airways LCC, maintaining Buy and a $14 price target. In a note to clients, Dahlman Rose writes, "US Airways reported the second highest annual profit in the company's history, and the best 4Q profit since 2006. Net profit excluding special items was $28 million or $0.17 per share, which compared favorably to last year's loss of $32 million or ($0.20) per share, our estimate of $0.07, and the consensus estimate of $0.06. Revenue in the quarter grew by 10.7% to $2.9 billion from $2.6 billion while expenses increased by 7.3% to $2.8 billion from $2.6 billion. We are maintaining our Buy rating and $14 price target on the common shares of US Airways." At the time of posting, shares of LCC are trading at $10.81, up 0.09% from Wednesday's close.