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Goldman Sachs Reaffirms Their Sell Rating on Southwest Airlines (LUV)

Tipranks - Fri Jul 3, 5:10AM CDT

Goldman Sachs analyst Catherine O’Brien maintained a Sell rating on Southwest Airlines yesterday and set a price target of $35.00. The company’s shares closed yesterday at $50.47.

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O’Brien covers the Industrials sector, focusing on stocks such as Southwest Airlines, United Airlines Holdings, and Delta Air Lines. According to TipRanks, O’Brien has an average return of -1.3% and a 50.00% success rate on recommended stocks.

Southwest Airlines has an analyst consensus of Moderate Buy, with a price target consensus of $49.44, representing a -2.04% downside. In a report released yesterday, Bank of America Securities also maintained a Sell rating on the stock with a $45.00 price target.

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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