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Fly News Breaks for July 22, 2016
LUV
Jul 22, 2016 | 07:26 EDT
After Southwest reported its results and the stock fell, Stifel blames the subsequent decline in the stock on lower than expected Q3 RASM guidance and the company's failure to announce capacity cuts. However, the firm says that the stock's valuation is "fairly compelling," even after accounting for the likely outcomes of its upcoming new labor contracts. Stifel trimmed its price target on the shares to $50 from $55 but keeps a Buy rating.
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