Jefferies Downgrades Southwest Airlines to Underperform, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Sheila Kahyaoglu downgraded Southwest Airlines (LUV) from Hold to Underperform and reduced the price target from $28 to $20, indicating a bearish outlook on the stock.
April 29, 2024 | 10:51 am
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Southwest Airlines was downgraded by Jefferies from Hold to Underperform, with a price target cut from $28 to $20, suggesting a negative short-term outlook.
The downgrade by a prominent analyst firm like Jefferies, coupled with a significant reduction in the price target, typically signals a bearish outlook on the stock to investors. This can lead to a decrease in investor confidence and potentially result in a short-term decline in the stock's price.
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