Morgan Stanley Maintains Overweight Rating for Southwest Airlines: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Southwest Airlines (NYSE:LUV) but lowered its price target from $50.00 to $47.00. Southwest Airlines' shares are currently trading down 0.71% at $22.35 per share. A move to $47.00 would account for a 110.29% increase from the current share price.
October 31, 2023 | 5:00 pm
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Morgan Stanley maintains Overweight rating for Southwest Airlines but lowers price target from $50.00 to $47.00. Shares are trading down 0.71% at $22.35.
The news of Morgan Stanley maintaining its Overweight rating for Southwest Airlines indicates a positive outlook for the company. However, the lowering of the price target from $50.00 to $47.00 might have a neutral to slightly negative impact on the stock in the short term. The current trading price is significantly lower than the target price, indicating potential for growth, but the reduction in target price may cause some investor concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100