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UBS Initiates Coverage On Southwest Airlines with Buy Rating, Announces Price Target of $36

UBS analyst Atul Maheswari initiates coverage on Southwest Airlines (NYSE:LUV) with a Buy rating and announces Price Target of $36. Southwest was started with a $36 price target. The firm said: "We are bullish on LUV as we see a multi-quarter period of profit recovery unfolding later this year. "While the near-term is uncertain given slower recovery in revenue per available seat mile (RASM), we believe NT has been derisked following the stock's -17% slide last week." Disclaimer: Please note that information is for educational purposes only and should not be considered financial advice.

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