US Airways (LCC) saw its stock downgraded by Soleil Securities today, from buy to hold.
Soleil cited rising jet fuel prices and a share price approaching its target price in its reasoning for the downgrade.
Soleil maintained a price target of $12 on the stock, but lowered its 2011 earnings per share outlook for the company to $2.15 to $2.50 per share.
US Airways shares are trading down 1% Wednesday, but the rest of the sector is performing well.
The Guggenheim Airline ETF (FAA) is linked to the NYSE Arca Global Airline Index. Southwest Airlines (NYSE:LUV) is the top stock in the fund.
Other top holdings include United Continental Holdings (NYSE:UAL) and Delta Air Lines (NYSE:DAL).
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