Over the first 40 days of 2016, shares of Southwest Airlines Co LUV lost roughly 17.5 percent. However, they have managed to recuperate more than 28 percent, which equates to a 5 percent gain year-to-date.
As the stock continues to escalate, top raters at the Vetr community decided to upgrade their rating on the stock from 2.5 Stars to 3.5 Stars – out of a possible 5.0 Stars.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
It should be noted that 58 percent of the crowd’s ratings are bullish, and that they have established an average price target of $47.20, which implies a 4.3 percent upside from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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