5 Stocks With Upgrades: LCC, ARRS, PKI, NWL, LII
NEW YORK (TheStreet) -- These five stocks received upgrades from TheStreet Ratings on Tuesday: US Airways (LCC), Arris Group (ARRS), PerkinElmer (PKI), Newell Rubbermaid (NWL) and Lennox International (LII).
US Airways
The airline is in the sights of rival Delta (DAL), which is thinking of possibly making a bid for US Airways, according to a report last week in The Wall Street Journal.
In other recent news, US Airways reached a tentative agreement with the Association of Flight Attendants on Jan. 27.
The company last week reported fourth-quarter profit excluding net special charges of $21 million, or 13 cents a share, a decrease from profit of $28 million, or 17 cents, a year earlier. "Better than expected mainline passenger revenue was the main driver of the beat, with mainline passenger revenue of $2,054M 3.7% above our $1,981M forecast on 2.8% higher ASMs (capacity) and 1% better PRASM (Passenger Revenue per ASM, or unit revenue)," Sterne Agee analysts wrote in a report on Monday. Shares of US Airways were upgraded to a hold from a sell by TheStreet Ratings. US Airways receives a C- grade from the TheStreet Ratings. The stock closed Monday at $8.52.Select the service that is right for you!
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