Raymond James Downgrades Southwest Airlines to Outperform, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Savanthi Syth has downgraded Southwest Airlines from Strong Buy to Outperform and lowered the price target from $47 to $40.
July 28, 2023 | 9:38 am
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Southwest Airlines has been downgraded by Raymond James from Strong Buy to Outperform, with a reduced price target of $40.
The downgrade from Strong Buy to Outperform indicates a less optimistic outlook for Southwest Airlines. The lowered price target from $47 to $40 suggests that the analyst believes the stock is currently overvalued, which could lead to a decrease in the stock price in the short term.
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