Evercore ISI Group Downgrades Southwest Airlines to In-Line, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Duane Pfennigwerth downgraded Southwest Airlines (NYSE:LUV) from Outperform to In-Line and set a price target of $35.
January 02, 2024 | 12:59 pm
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Southwest Airlines was downgraded by Evercore ISI Group from Outperform to In-Line with a price target of $35.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $35 suggests a limited upside potential or a downside risk, depending on the stock's current trading price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100