Shares of Southwest Airlines (NYSE:LUV) continue to trend lower after the company’s flights were affected by adverse weather.
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According to reports, over half of Southwest’s flights were canceled owing to the weather. The company has indicated it will operate just one-third of its scheduled flights over the coming days.
Not surprisingly, shares of the company have tanked about 6.7% over the last five days alone. Its shares have declined nearly 23% so far this year.
The Street though remains upbeat about the stock with a Strong Buy consensus rating alongside an average price target of $47.57. This points to a substantial 40.16% potential upside in the stock.
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