Barclays Maintains Equal-Weight on Southwest Airlines, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on Southwest Airlines (NYSE:LUV) and increased the price target from $27 to $32.
January 26, 2024 | 7:08 pm
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Barclays has maintained an Equal-Weight rating on Southwest Airlines but raised the price target from $27 to $32, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a more optimistic valuation of Southwest Airlines, which could lead to increased investor confidence and a potential rise in the stock price in the short term. The Equal-Weight rating suggests that the stock is adequately valued at the moment, but the raised target implies that Barclays sees some upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100