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Barclays Sticks to Its Buy Rating for Southwest Airlines (LUV)

Tipranks - Tipranks - Fri Jun 26, 7:00AM CDT

In a report released yesterday, Brandon Oglenski from Barclays maintained a Buy rating on Southwest Airlines, with a price target of $65.00. The company’s shares closed yesterday at $50.94.

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Oglenski covers the Industrials sector, focusing on stocks such as FedEx, Union Pacific, and CSX. According to TipRanks, Oglenski has an average return of 9.1% and a 55.24% success rate on recommended stocks.

In addition to Barclays, Southwest Airlines also received a Buy from UBS’s Atul Maheswari in a report issued on June 23. However, on the same day, Wells Fargo assigned a Hold rating to Southwest Airlines (NYSE: LUV).

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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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