Southwest Airlines (LUV) Sell-Off is an Overreaction - Wolfe

Southwest (LUV) PT Maintained at $75 at Imperial Capital; 'Likely to Have Strong Earnings Growth Through FY19 & Mitigate Competitive Environment'

March 22, 2018 6:43 AM EDT

Imperial Capital maintained its price target on Southwest (NYSE: LUV) at $75.00 while maintaining a Outperform rating, following the company's 8K filling release and cautious commentary on the demand environment.

Analyst Michael Derchin notes the company released 8-K filings restating financials due to the new... More

Southwest (LUV) PT Maintained at $77 at Stephens; 'Updated 1Q RASM Guidance Disappoints'

March 22, 2018 6:40 AM EDT

Stephens maintained its price target on Southwest (NYSE: LUV) at $77.00 while maintaining a Overweight rating, following the company's 8K filling release and cautious commentary on the demand environment.

Analyst Jack Atkins notes the company updated 1Q guidance restating financials due to the new revenue... More

Southwest (LUV) PT Maintained at $85 at Stifel on 8K Filing Restating Financials

March 22, 2018 6:38 AM EDT

Stifel maintained its price target on Southwest (NYSE: LUV) at $85.00 while maintaining a Buy rating, following the company's 8K filling release and cautious commentary on the demand environment.

Analyst Jospeh DeNardi notes the company released 8-K filings restating financials due to the new revenue... More

Pre-Open Movers 03/21: (PRTA) (PTI) (TEUM) (GIS) (LUV) (JWN) (SRPT)

March 21, 2018 9:13 AM EDT

Today's Pre-Open Movers

Prothena Corp. (NASDAQ: PRTA) climbed 19%; announced a global collaboration with Celgene Corporation (NASDAQ: CELG) through a subsidiary, to develop new therapies for a broad range of neurodegenerative diseases.

Proteostasis Therapeutics (NASDAQ: PTI) gained 16%; announced today that it is not proceeding with its proposed public offering of 9,000,000 shares of its common stock in an underwritten public offering previously announced on March 19, 2018. The company believes that current market conditions are not conducive for an offering on terms that would be in... More

Southwest Airlines (LUV) Provides Guidance on Financial and Operational Trends Following Adoption of New Accounting Standard Updates

March 21, 2018 8:17 AM EDT

Southwest Airlines (NYSE: LUV) disclosed in an SEC filing:

Southwest Airlines Co. (the "Company") is providing certain recast financial information to reflect the expected effects of adoption of three new Accounting Standard Updates ("ASUs"). Effective as of January 1, 2018, the Company adopted ASU 2014-09: Revenue from Contracts with Customers (the New Revenue Standard), ASU 2017-07: Compensation - Retirement Benefits, and ASU 2017-12: Derivatives and Hedging (the "New Hedging Standard"). In accordance with the transition provisions of these new standards, the Company has recast certain 2016 and 2017 financial information previously reported in accordance with generally accepted... More

Stocks end modestly lower after Fed hikes rates; energy up

March 21, 2018 7:58 AM EDT

By Chuck Mikolajczak

NEW YORK (Reuters) - U.S. stocks ended slightly lower on Wednesday, with major indexes giving up gains in choppy trade after the Federal Reserve raised U.S. interest rates, while a strong gain in the energy space helped limit losses.

The Fed raised interest rates and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening.

The hike was widely expected, and new Fed Chairman Jerome Powell said in a news... More