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

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

Southwest (LUV) PT Lowered to $67 at Macquarie

March 22, 2018 6:38 AM EDT

Macquarie lowered its price target on Southwest (NYSE: LUV) to $67.00 (from $69.00) while maintaining a Outperform rating.

... More

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

March 21, 2018 1:31 PM EDT

Wolfe Research analyst Hunter Keay came out to defend Southwest Airlines (NYSE: LUV) after the company cut 1Q18 RASM guidance from the prior range of +1-2% y/y to ~flat while also improving 1Q18 CASMx guidance by 50bp and guiding to the low... 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