Barclays Reaffirms Their Buy Rating on Southwest Airlines (LUV)
Barclays analyst Brandon Oglenski maintained a Buy rating on Southwest Airlines today and set a price target of $56.00.
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According to TipRanks, Oglenski is a 4-star analyst with an average return of 4.7% and a 47.98% success rate. Oglenski covers the Industrials sector, focusing on stocks such as JetBlue Airways, Frontier Group Holdings, and Alaska Air.
In addition to Barclays, Southwest Airlines also received a Buy from TD Cowen’s Thomas Fitzgerald CFA in a report issued on March 9. However, on March 12, Evercore ISI maintained a Hold rating on Southwest Airlines (NYSE: LUV).
Based on Southwest Airlines’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.44 billion and a net profit of $323 million. In comparison, last year the company earned a revenue of $6.93 billion and had a net profit of $261 million
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