Southwest Airlines Downgraded to “Hold” at Deutsche Bank (LUV)

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Airline operator Southwest Airlines Co. ( LUV ) on Monday caught a big downgrade from analysts at Deutsche Bank.

The firm said it cut its rating on LUV from "Buy" to "Hold" with a $9 price target. That target suggests a 17% upside to the stock's Friday closing price of $7.69. Deutsche noted that the company's acquisition of AirTran will incur higher costs.

Southwest Airlines shares were unchanged in premarket trading Monday.

The Bottom Line
Shares of Southwest Airlines ( LUV ) have a .23% dividend yield, based on Friday's closing stock price of $7.69. The stock has technical support in the $6.50 price area. If the shares can firm up, we see overhead resistance around the $9 price level.

Southwest Airlines Co. ( LUV ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 2.8 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



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

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Referenced Stocks: LUV

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