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Southwest Airlines (LUV) Receives a Hold from Wells Fargo

Tipranks - Fri Jun 26, 4:36AM CDT

Wells Fargo analyst Christian Wetherbee maintained a Hold rating on Southwest Airlines on June 23 and set a price target of $44.00. The company’s shares closed yesterday at $49.41.

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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 15.1% and a 62.42% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as American Airlines, United Airlines Holdings, and Southwest Airlines.

In addition to Wells Fargo, Southwest Airlines also received a Hold from Jefferies’s Sheila Kahyaoglu in a report issued on June 16. However, on June 23, UBS assigned a Buy rating to Southwest Airlines (NYSE: LUV).

Based on Southwest Airlines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.25 billion and a net profit of $227 million. In comparison, last year the company earned a revenue of $6.43 billion and had a GAAP net loss of $149 million

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