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Southwest Airlines (LUV) Gets a Hold from Wells Fargo

Tipranks - Tipranks - Fri Jun 19, 5:50AM CDT

In a report released today, Christian Wetherbee from Wells Fargo maintained a Hold rating on Southwest Airlines, with a price target of $44.00.

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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 14.9% and a 62.33% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as American Airlines, Delta Air Lines, and FedEx.

In addition to Wells Fargo, Southwest Airlines also received a Hold from Jefferies’s Sheila Kahyaoglu in a report issued on June 16. However, yesterday, J.P. Morgan 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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