Bernstein Sticks to Its Hold Rating for Southwest Airlines (LUV)
In a report released today, David Vernon from Bernstein maintained a Hold rating on Southwest Airlines, with a price target of $45.00.
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According to TipRanks, Vernon is a 4-star analyst with an average return of 9.6% and a 64.18% success rate. Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, Union Pacific, and FedEx.
In addition to Bernstein, Southwest Airlines also received a Hold from Jefferies’s Sheila Kahyaoglu in a report issued on April 27. However, on the same day, TD Cowen maintained a Buy rating on 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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