Dahlman Rose Reiterates Buy Rating On Southwest Airlines

According to Dahlman Rose, Southwest Airlines LUV Buy rating is reiterated. Dahlman Rose said that it is reiterating its Buy rating and $15 price target on the common shares of LUV. “We are also raising our 2Q11 EPS estimate to reflect stronger May and June traffic growth, as well as lower-than-expected jet fuel prices. We believe these shares can sell at 12x estimated 2012 EPS of $1.25.” Southwest Airlines closed yesterday at $12.27.