Deutsche Bank Upgrades Southwest Airlines to Buy, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Michael Linenberg upgraded Southwest Airlines (NYSE:LUV) from Hold to Buy and increased the price target from $28 to $42.
February 20, 2024 | 11:21 am
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Southwest Airlines was upgraded by Deutsche Bank from Hold to Buy, with a price target increase from $28 to $42.
The upgrade from Hold to Buy by a major financial institution like Deutsche Bank, accompanied by a significant increase in the price target, is a strong positive signal for Southwest Airlines. This suggests a bullish outlook on the company's future performance and financial health, likely leading to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100