Southwest Airlines Co. (NYSE:LUV) shares are trading higher after receiving an upgrade.
Cowen upgraded the company's stock from Market Perform to Outperform and announced a $45 price target.
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Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing fleet.
Southwest Airlines shares were trading up 6.21% at $40 on Wednesday. The stock has a 52-week high of $58.83 and a 52-week low of $29.15.