Airline Stocks Rally, Treasury Yields Fall as Oil Tumbles on Iran Sanctions
Every major US carrier opened higher as crude fell 3% on Iran de-escalation signals, while Treasury yields fell across the curve and energy lagged.
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Southwest Airlines Q2 Adj. EPS $0.94 Beats $0.51 Estimate, Sales $8.432B Miss $8.584B Estimate
Southwest Airlines (NYSE:LUV) reported quarterly earnings of $0.94 per share which beat the analyst consensus estimate of $0.51 by 84.31 percent. This is a 118.6 percent increase over earnings of $0.43 per share from
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Raymond James Maintains Outperform on Southwest Airlines, Lowers Price Target to $54
Raymond James analyst Savanthi Syth maintains Southwest Airlines (NYSE:LUV) with a Outperform and lowers the price target from $60 to $54.
Read original at benzingaTD Cowen Maintains Buy on Southwest Airlines, Lowers Price Target to $48
TD Cowen analyst Tom Fitzgerald maintains Southwest Airlines (NYSE:LUV) with a Buy and lowers the price target from $53 to $48.
Read original at benzingaShares of airline companies are trading lower amid an oil price rebound. Expectations for U.S.-Iran negotiations over Strait of Hormuz passage are frozen, with the U.S. threatening major economic pressure on Iran and its trade partners, an approach that may leave energy prices elevated for longer.
Read original at benzinga