Airline operator Southwest Airlines Co. (
) on Monday caught a big downgrade from analysts at Deutsche
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
The Bottom Line
Shares of Southwest Airlines (
) 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
Southwest Airlines Co. (
) 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
Created by Dividend.com