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Wells Fargo Sticks to Their Hold Rating for Southwest Airlines (LUV)

Tipranks - Tipranks - Wed Jul 1, 5:26AM CDT

Wells Fargo analyst Christian Wetherbee maintained a Hold rating on Southwest Airlines yesterday and set a price target of $50.00. The company’s shares closed yesterday at $51.60.

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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 15.8% and a 64.62% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as American Airlines, Delta Air Lines, and Southwest Airlines.

In addition to Wells Fargo, Southwest Airlines also received a Hold from Citi’s John Godyn in a report issued yesterday. However, on June 26, Barclays assigned a Buy 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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