Southwest Airlines Pillaged on Calyon Downgrade

At last check, LUV was down 18%, or $1.75 to $8.06. Despite posting earnings that were a little better than expected yesterday, Calyon analyst Ray Neidl cut the stock to a Sell, with a $7 target. As we had previously noted, any airline which will forcefully deplane a hot chick for wearing a miniskirt deserves all the wrath of the market (that, and some other reasons as well).