TD Cowen analyst Tom Fitzgerald raised the firm’s price target on Southwest (LUV) to $56 from $55 and keeps a Buy rating on the shares. The firm left yesterday’s conference presentations “encouraged” by the better than expected impact of fuel cost during Q1 and airline management commentary on forward bookings. TD upped estimates for the group to reflect improved pricing. United Airlines remains its top pick, followed by Delta and then Alaska Air.
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