XMorgan Stanley Maintains Overweight on Southwest Airlines, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker maintains an Overweight rating on Southwest Airlines (NYSE:LUV) but lowers the price target from $50 to $47.
October 31, 2023 | 12:54 pm
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Southwest Airlines' price target has been lowered from $50 to $47 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of Southwest Airlines in the short term. However, the maintenance of the Overweight rating indicates that the analyst still sees potential for the stock's performance.
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