Morgan Stanley Reaffirms Their Buy Rating on Southwest Airlines (LUV)

By Austin Angelo

Morgan Stanley analyst Rajeev Lalwani maintained a Buy rating on Southwest Airlines (LUVResearch Report) today and set a price target of $59. The company’s shares closed last Monday at $49.34.

According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 4.6% and a 60.6% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, American Airlines, and Spirit Airlines.

Southwest Airlines has an analyst consensus of Hold, with a price target consensus of $57.33.

See today’s analyst top recommended stocks >>

Based on Southwest Airlines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.91 billion and net profit of $741 million. In comparison, last year the company earned revenue of $5.74 billion and had a net profit of $733 million.

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. engages in the management of a passenger airline. It operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.