Cowen analyst Helane Becker lowered the firm’s price target on Southwest to $50 from $55 and keeps an Outperform rating on the shares. The analyst said even with March and December quarter losses the company eked out a full year profit. The company issued its apologies and is now focused on returning its operations to sustained profitability.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LUV:
- Southwest Airlines (NYSE:LUV): Rising Website Visits Hinted at Upbeat Q4 Revenue
- US DOT opens probe into Southwest’s December ‘meltdown,” CNN says
- Southwest says it continues to experience year-over-year inflationary pressures
- Southwest plans to add 7,000 workers in 2023
- Airlines Earnings Roundup: Except for LUV; AAL and JBLU Feel the Love
