Rodman & Renshaw Maintains Outperform, $12 Target on Southwest Airlines - Southwest Airlines (NYSE:LUV)

27% profit every 20 days?

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Rodman & Renshaw reiterates its Outperform rating on Southwest Airlines (NYSE: LUV) on fourth quarter results that bettered street consensus and a continuing momentum. Price target is also reiterated at $12 a share. Rodman & Renshaw notes, " LUV reported 4Q revenues of $4.1B, an operating profit of $167M (a 4.1% operating margin) & a net profit excl special items of $66M or $0.09/share, slightly bettering consensus of $0.08 and our $0.07. Vs our model, both operating and non-operating costs were a little better andthe share count lower from share buybacks ($275M in repurchasing power remains)."LUV closed at $9.30 per share on Thursday.

27% profit every 20 days?

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