Cowen Reiterates Outperform on Southwest Airlines (LUV) Folowing Dividend Hike

Cowen reiterated an Outperform rating and $65.00 price target on Southwest (NYSE: LUV) as the company announces a 28% increase in the dividend and re-upped its share repurchase program by $2 billion.

Analyst Helane Becker believes that there is upside potential to our 2019 EPS estimate as Southwest gains experience with its new reservation system and can better monetize that investment. In addition, Southwest will be operating a more efficient network by this year's fourth quarter, when its fleet is back to normal levels.

For an analyst ratings summary and ratings history on Southwest click here. For more ratings news on Southwest click here.

Shares of Southwest closed at $53.01 yesterday.

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