Why Southwest Airlines Is Trading Higher Today

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Southwest Airlines Co. LUV shares are trading higher after receiving an upgrade.

Cowen upgraded the company's stock from Market Perform to Outperform and announced a $45 price target.

Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest operates over 700 aircraft in an all-Boeing fleet.

Southwest Airlines shares were trading up 6.21% at $40 on Wednesday. The stock has a 52-week high of $58.83 and a 52-week low of $29.15.

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