Citi Reiterates Neutral Rating on Southwest (LUV)
Citi analyst Stephen Trent reiterated a Neutral rating and $29.00 price target on Southwest (NYSE: LUV).
The analyst comments "Southwest’s update for the June quarter looks weak. With no expected changes in capacity, unit revenue looks worse, which indicates weaker price point and/or lower ancillary revenue. Overall, Citi continues to see discount carriers, such as Neutral-rated Southwest Airlines as less well positioned than its network peers."
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 $28.51 yesterday.