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TD Cowen Sticks to Its Buy Rating for Southwest Airlines (LUV)

Tipranks - Tipranks - Thu May 28, 6:04AM CDT

In a report released today, Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Southwest Airlines, with a price target of $47.00.

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According to TipRanks, Fitzgerald CFA is a 4-star analyst with an average return of 13.7% and a 65.69% success rate. Fitzgerald CFA covers the Industrials sector, focusing on stocks such as JetBlue Airways, Southwest Airlines, and Delta Air Lines.

In addition to TD Cowen, Southwest Airlines also received a Buy from UBS’s Atul Maheswari in a report issued yesterday. However, on May 21, 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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