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Non-Tech : Southwest Airlines (LUV))
LUV 32.46+3.0%3:59 PM EST
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To: Wallace Rivers who wrote (130)2/11/1997 3:19:00 PM
From: Sam Citron   of 299
 
Gruntal also likes LUV. From Briefings.com:

"SOUTHWEST AIRLINES CO (LUV) 23 +1. Issue is benefitting from positive research reports at Lehman Brothers and Gruntal. Upgrading stock to "outperform" from "neutral", Lehman is expecting revenue to benefit from the fare increase initiated over the weekend. According to firm, the 6.6% systemwide price increase should boost unit revenues by 3.8% over pricing policies in effect prior to the weekend. In addition, the firm expects the fare increase to possibly offset the early return of the excise tax, which may be reinstated by March 1 instead of July 1, as previously expected. Lehman set a 12-month price target of $25 a share. Reiterating its "outperform" rating, Gruntal & Co is also positive on the fare increases, as well as company's plan to fly longer haul routes, from Nashville to Oakland and Los Angeles by the middle of the year, calling flights the beginning of one-stop transcontinental service for the traditionally short-haul carrier. . Noting that the airline remains financially strong, Gruntal believes that continued strength in traffic and utilization could lead to earnings improvements in the 1st qtr instead of the 2nd qtr."

Did I sell too soon? <G>

SC
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