- Wolfe Research upgrades Southwest Airlines (NYSE:LUV) to Outperform from Peer Perform.
- "We're upgrading LUV from PP to OP ($57 TP) on a flight to quality concept. When airlines don’t demonstrate capacity discipline on an aggregate basis we tend to have a positive bias towards aggressive share winners with good CASMx trends and strong brand affinity. That is probably LUV in 2020," sums up Hunter Keay on the call.
- Wolfe's bullish rating on LUV stands ahead of the sell-side consensus rating of Hold and Seeking Alpha Quant Rating of Neutral.
- Shares of Southwest are up 1.43% to $48.90.