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Fly News Breaks for June 12, 2015
LUV
Jun 12, 2015 | 08:55 EDT
After Southwest announced that it expects its Q2 revenue to drop 4%-5%, Argus remains upbeat on the company's long-term outlook, citing its continued profitability and what the firm sees as its strong balance sheet. Argus cut its price target on the name to $45 from $56 but keeps a Buy rating on the shares.
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