TD Cowen lowered the firm’s price target on Southwest to $25 from $26 and keeps a Hold rating on the shares. The firm said they reported another quarterly loss as revenue growth continues to lag cost growth. Management is focused on increasing revenue to cover higher costs including higher wage rates above historical levels albeit in line with the peer group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV: