B of A Securities Downgrades Southwest Airlines to Neutral, Lowers Price Target to $35
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Andrew Didora has downgraded Southwest Airlines (NYSE:LUV) from Buy to Neutral and lowered the price target from $45 to $35.
July 27, 2023 | 2:30 pm
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Southwest Airlines has been downgraded from Buy to Neutral by B of A Securities, and its price target has been lowered to $35.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Southwest Airlines. The lowering of the price target from $45 to $35 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100