TD Cowen Reiterates Hold Rating on Southwest (LUV)

TD Cowen analyst Helene Becker reiterated a Hold rating and $19.00 price target on Southwest (NYSE: LUV).

The analyst commented, "LUV will host an investor day on September 26. Mgmt to detail/quantify new commercial plan, operational efficiency levers, and capital allocation strategy. North star is driving ROIC above WACC, but we are skeptical net new revenue from initiatives will be enough. That plus added operational complexity, activist overhang & likely multiple compression from biz model change leave us cautious."

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 $28.90 yesterday.

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