luv stock rating...must not have been lowerturd
Southwest Air (LUV) BB&T Capital Mkts upgrades Hold to BUY. Target $20. Firm believes the stock offers the most insulation from the negative impact likely to occur as a result of Delta's (DAL) decision to simplify its fare structure. Firm expects little or no rev impact for LUV as a result and notes that LUV intends to add a net 29 new aircraft in FY05 which should result in capacity growth of roughly 10%. The firm estimates capacity growth of 12% in 2006.
Southwest Air (LUV) BB&T Capital Mkts upgrades Hold to BUY. Target $20. Firm believes the stock offers the most insulation from the negative impact likely to occur as a result of Delta's (DAL) decision to simplify its fare structure. Firm expects little or no rev impact for LUV as a result and notes that LUV intends to add a net 29 new aircraft in FY05 which should result in capacity growth of roughly 10%. The firm estimates capacity growth of 12% in 2006.
