Southwest gets neutral rating

Zacks reissued their neutral rating on shares of Southwest Airlines. Zacks currently has a $15.00 price target on the stock. Zacks’ analyst wrote: “We are maintaining our Neutral recommendation on Southwest Airlines Co., following better-than-expected first-quarter results. The company’s top line results met our expectation while earnings surpassed it based on fleet restructuring, introduction of various customer friendly programs and the effects of the AirTran integration. In the coming quarters, Southwest Airlines Co. is expected to perform impressively owing to various initiatives to improve revenues and trim costs.”