Southwest Airlines rated Buy on strong earnings growth and favorable travel trends, with shares seen rising to $60+.

Southwest Airlines has been initiated with a Buy rating due to its expected earnings turnaround and strong forward earnings trends. The airline's EPS is projected to more than triple to $2.96 this year, with potential to exceed $4.50 by fiscal year 2028. Valuation looks attractive, with a low-teens price-to-earnings ratio suggesting shares could reach $60, supported by robust travel demand and lower energy costs. Technical indicators also show bullish momentum, with price support near $45 and resistance around $55, potentially reaching the mid-$60s within 12 months.