Southwest (LUV) PT Raised at Imperial Capital, Sees 25% Upside
Get Alerts LUV Hot Sheet
Rating Summary:
14 Buy, 18 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Imperial Capital analyst Bob McAdoo reiterated an Outperform rating and boosted his price target on Southwest (NYSE: LUV) price target of $48.00 (from $35.00)
McAdoo commented, "Southwest should benefit from strong domestic industry trends, including lower fuel prices, as well as company specific catalysts including the recent expiration of Dallas Love Field restrictions resulting from the Wright Amendment. With the company surpassing its 15% ROIC target, it appears Southwest will begin to utilize newer 737-800 aircraft to grow capacity in new markets such as Alaska, Mexico, and Canada. In addition, the company’s balance sheet strength and strong free cash flow should allow management to continue returning capital to shareholders through repurchases and dividends. Our price target is about 25% above the recent share price."
For an analyst ratings summary and ratings history on Southwest click here. For more ratings news on Southwest click here.
Shares of Southwest closed at $38.51 yesterday.
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