Sector Update: Consumer

By Staff,

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Consumer shares were mixed in pre-market trade on Tuesday.

In consumer stocks news, Southwest Airlines Company ( LUV ) has been upgraded by analysts at Stifel Nicolaus to buy from hold.

The firm set its price target on the stock at $30, which represents a potential upside of 15% from its current market price. Shares of LUV were up about 1% within a 52-week frame of $12.58 - $27.70.

And, Virco Manufacturing Co. ( VIRC ) reported a narrower Q1 loss on an increase in sales.

The furniture maker's Q1 loss fell 16% from a year earlier to $0.26 a share from $0.31. Analyst estimates

weren't available for the company.

The company's revenue rose 18% from the prior year to $23.5 million, according to a statement.

Finally, Tesla Motors ( TSLA ) will keep its five retail locations in New York state under legislation signed by New York Governor Andrew Cuomo. The measure strengthens auto dealer franchise protections and will allow additional retail locations for Tesla.

TSLA was trading down about 0.6% at $223.32.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: LUV , VIRC , TSLA

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