UPDATE: Argus Upgrades Southwest (LUV) to Buy

March 23, 2021 6:53 AM EDT
Get Alerts LUV Hot Sheet
Price: $57.28 -0.5%

Rating Summary:
    24 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 42
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(Updated - March 23, 2021 6:54 AM EDT)

Argus analyst John Staszak upgraded Southwest (NYSE: LUV) from Hold to Buy with a price target of $68.00.

The analyst comments "We are raising our rating on Southwest Airlines Co. (NYSE: LUV) to BUY from HOLD and setting a price target of $68. We view Southwest as one of the best low-cost carriers, with a record of stable earnings prior to the pandemic and a strong management team. We also believe that LUV, with more than $14 billion in liquidity and an emphasis on leisure travelers, is the airline best positioned to emerge strongly from the coronavirus crisis. We are maintaining our long-term BUY rating based on the company's record of above-peer-average revenue growth, driven by its simple fare structure and reputation for generally good customer service."

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 $59.00 yesterday.

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