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Fly News Breaks for July 28, 2017
LUV
Jul 28, 2017 | 09:25 EDT
Bernstein analyst David Vernon says that Southwest's Q2 results were "generally positive," and he says that the company's 2017 guidance was reduced "only slightly." After Spirit said that pricing was weakening, the analyst notes that it is a small carrier that "appeals to the ultra-value traveler." Consequently, he does not believe that its comments have a significant negative read through for Southwest and other larger airlines. The analyst trimmed his price target on Southwest to $69 from $70 but keeps an Outperform rating.
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