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Southwest Airlines (LUV) Gets a Buy from BMO Capital

Tipranks - Fri Jul 3, 6:46AM CDT

BMO Capital analyst Michael Goldie reiterated a Buy rating on Southwest Airlines today and set a price target of $58.50.

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Goldie covers the Industrials sector, focusing on stocks such as Exchange Income, Alaska Air, and United Airlines Holdings. According to TipRanks, Goldie has an average return of 23.0% and a 100.00% success rate on recommended stocks.

In addition to BMO Capital, Southwest Airlines also received a Buy from TD Cowen’s Thomas Fitzgerald CFA in a report issued today. However, on the same day, Wells Fargo assigned a Hold rating to Southwest Airlines (NYSE: LUV).

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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