(Bloomberg) — The sharp rally in U.S. airline stocks from mid-March lows pushed one analyst to upgrade the worst-performing member of the bunch: Southwest Airlines Co.Credit Suisse boosted Southwest to a buy-equivalent rating from hold on the premise that it’s among the best-positioned to stage what analyst Jose Caiado De Sousa characterized as an “aggressive comeback.” Meanwhile, ratings were cut for Spirit Airlines Inc. and United Airlines Holdings Inc., which have both outperformed the sector and Southwest recently.Since March 19, Southwest has risen by about 17%, lagging behind the S&P 500 Airlines industry index’s 39% climb, Spirit’s more than 100% …read more
Source:: Yahoo Finance
