Wells Fargo Remains a Hold on Southwest Airlines (LUV)
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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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 15.2% and a 63.27% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as American Airlines, United Airlines Holdings, and Southwest Airlines.
Currently, the analyst consensus on Southwest Airlines is a Moderate Buy with an average price target of $45.09.
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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