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Southwest Airlines (LUV) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Fri May 15, 5:32AM CDT

Wells Fargo analyst Christian Wetherbee assigned a Hold rating to Southwest Airlines today and set a price target of $44.00.

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Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and CSX. According to TipRanks, Wetherbee has an average return of 14.3% and a 62.56% success rate on recommended stocks.

In addition to Wells Fargo, Southwest Airlines also received a Hold from Bernstein’s David Vernon in a report issued on May 11. However, on April 27, TD Cowen maintained a Buy rating on 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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