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Fly News Breaks for November 19, 2018
LUV
Nov 19, 2018 | 06:31 EDT
Credit Suisse analyst Jose Caiado started Southwest Airlines with a Neutral rating and $54 price target. The company's surprise guidance for sector-high 2019 unit cost growth should offset a strong unit revenue outlook and limit 2019 margin expansion, Caiado tells investors in a research note. He believes, however, that Southwest's "strong" free cash flow likely provides a floor to the stock's valuation.
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