Dahlman Rose Upgrades Southwest (LUV) to Buy; Valuation Call
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Price: $14.38 +1.70%
Rating Summary:
11 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 6 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade LUV Now!
Dahlman Rose upgraded Southwest (NYSE: LUV) from Hold to Buy. PT $15.
Dahlman analyst says, "We believe the integration of AirTran Airways (NYSE: AAI) into Southwest will add significant revenue potential related to the Atlanta market. Management's expectations for $400 million in net synergies may prove conservative...We believe Southwest's ability to successfully manage in any economic environment and increase revenues will differentiate the company versus the rest of the group."
For more ratings news on Southwest click here and for the rating history of Southwest click here.
Shares of Southwest closed at $12.11 yesterday, with a 52 week range of $10.42-$14.32.
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Dahlman analyst says, "We believe the integration of AirTran Airways (NYSE: AAI) into Southwest will add significant revenue potential related to the Atlanta market. Management's expectations for $400 million in net synergies may prove conservative...We believe Southwest's ability to successfully manage in any economic environment and increase revenues will differentiate the company versus the rest of the group."
For more ratings news on Southwest click here and for the rating history of Southwest click here.
Shares of Southwest closed at $12.11 yesterday, with a 52 week range of $10.42-$14.32.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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