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Southwest Airlines Analysts Boost Their Forecasts Following Q1 Earnings
Southwest Airlines reported Q1 adjusted earnings per share of 45 cents and revenue of $7.24 billion, both missing analyst estimates. Despite this, the company’s shares rose 3.8% on Friday, and analysts from HSBC and Evercore ISI Group have since raised their price targets for LUV, with HSBC upgrading the stock from “Reduce” to “Hold.” The company also provided Q2 EPS guidance, with its midpoint below current Street consensus.