Morgan Stanley Sticks to Its Buy Rating for Southwest Airlines (LUV)

Morgan Stanley analyst Ravi Shanker maintained a Buy rating on Southwest Airlines (LUVResearch Report) today and set a price target of $63.00. The company’s shares opened today at $36.00.

Shanker covers the Industrial Goods sector, focusing on stocks such as CH Robinson, Allegiant Travel Company, and Delta Air Lines. According to TipRanks, Shanker has an average return of -1.8% and a 51.36% success rate on recommended stocks.

Southwest Airlines has an analyst consensus of Moderate Buy, with a price target consensus of $45.69, which is a 26.92% upside from current levels. In a report released today, Seaport Global also maintained a Buy rating on the stock with a $45.00 price target.

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The company has a one-year high of $49.84 and a one-year low of $30.04. Currently, Southwest Airlines has an average volume of 6.48M.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUV in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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