UPDATE: JP Morgan Upgrades US Airways Group to Overweight on Merger Value Portion, Sell-Off

JP Morgan upgraded US Airways Group (NYSE: LCC ) from Neutral to Overweight and raised the price target from $18.00 to $18.50. JP Morgan commented, "Last month, we downgraded LCC from OW to Neutral, believing shares adequately reflected a pending merger with LCC's value portion not expected