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Fly News Breaks for November 12, 2018
LUV
Nov 12, 2018 | 06:31 EDT
Goldman Sachs analyst Catherine O'Brien started Southwest Airlines with a Neutral rating and $61 price target. The analyst believes it will be difficult for the company to expand margins in 2019 amid productivity driven cost tailwinds. She also launched coverage on the U.S. Airlines sector with an Attractive coverage view. Stronger revenue trends in 2019 coupled with a focus on cost control should drive higher industry operating margins for the first time since 2015 despite fuel headwinds, O'Brien tells investors in a research note.
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