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Wells Fargo Reaffirms Their Hold Rating on Southwest Airlines (LUV)

Tipranks - Tipranks - Fri Jun 5, 4:44AM CDT

Wells Fargo analyst Christian Wetherbee maintained a Hold rating on 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 Delta Air Lines. According to TipRanks, Wetherbee has an average return of 15.4% and a 63.68% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Southwest Airlines with a $44.32 average price target.

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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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