Deutsche Bank Downgrades Southwest Airlines to Hold, Lowers Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Michael Linenberg has downgraded Southwest Airlines (NYSE:LUV) from Buy to Hold and lowered the price target from $52 to $38.
July 28, 2023 | 9:28 am
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Southwest Airlines has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $38.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for Southwest Airlines. The lowered price target from $52 to $38 suggests that the bank expects the stock's price to decrease in the short term. This could potentially lead to a negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100