J.P. Morgan Reaffirms Their Buy Rating on Southwest Airlines (LUV)

J.P. Morgan analyst Jamie Baker maintained a Buy rating on Southwest Airlines (LUVResearch Report) on September 16 and set a price target of $66.00. The company’s shares closed last Friday at $34.73.

Baker covers the Industrial Goods sector, focusing on stocks such as Southwest Airlines, Alaska Air, and Spirit Airlines. According to TipRanks, Baker has an average return of -6.0% and a 42.92% success rate on recommended stocks.

Southwest Airlines has an analyst consensus of Strong Buy, with a price target consensus of $50.50.

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LUV market cap is currently $20.61B and has a P/E ratio of 22.05.

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Southwest Airlines Co. is a passenger airline which provides scheduled air transportation in the United States and near-international markets. As of Dec. 31, 2020, the air carrier operated a total fleet of 718 Boeing 737 aircrafts and covered 107 destinations.

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