Analysts: Chances of US Airways Merger Lay at 50/50 and 3 Other Research Notes to Check Out
US Airways (NYSE:LCC): JPMorgan upgraded US Airways to Overweight from Neutral and raised its price target for the shares to $26 from $18. The firm sees a 50/50 probability of the merger with AMR Corp. (OTN:AAMRQ) taking place and says that US Airways’ stand-alone prospects are much better than the current share price suggests.
Mead Johnson (NYSE:MJN): JPMorgan upgraded Mead Johnson to Overweight from Neutral, citing the company’s earnings and EBITDA growth opportunity. The firm raised its price target for the shares to $88 from $78.
Franklin Resources (NYSE:BEN): Wells Fargo believes that recent trends in equity appear to be beneficial for Franklin Resources, while investors often overlook the company’s equity business. The firm thinks that Franklin is undervalued, and it keeps an Outperform rating on the shares.
Six Flags (NYSE:SIX): B. Riley recommends buying Six Flags on recent share underperformance, ahead of a likely dividend hike and healthy industry fundamentals. The shares are Buy rated with a $50 price target.