Morgan Stanley Maintains Overweight on Southwest Airlines, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Overweight rating on Southwest Airlines (NYSE:LUV) but lowered the price target from $60 to $55.
July 31, 2023 | 2:08 pm
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Southwest Airlines' price target has been lowered from $60 to $55 by Morgan Stanley, though the Overweight rating is maintained.
The news directly pertains to Southwest Airlines as Morgan Stanley has lowered its price target for the company. However, the Overweight rating suggests that the firm still sees potential in the stock, which may balance out the impact of the lowered price target. Therefore, the short-term impact on the stock price is likely to be neutral.
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