Rodman & Renshaw Maintains Market Outperform on Southwest Airlines

Rodman & Renshaw is out with its report today on Southwest Airlines LUV, maintaining Market Outperform. In its report, Rodman & Renshaw writes, "Our outlook is in line with a consensus outlook of $0.77, however, shares, down 29.9% YTD, are discounting an earnings outlook that is much more pessimistic than is warranted, hence our Market Outperform rating." Rodman & Renshaw maintains a $12 PT on LUV. At the time of posting, shares of LUV were trading pre-market at $9.29, up 2.09% from Thursday's close.