Southwest Airlines shares are trading lower after Jefferies downgraded the stock from Hold to Underperform and lowered its price target from $28 to $20.
Portfolio Pulse from Benzinga Newsdesk
Southwest Airlines' stock trades lower following a downgrade by Jefferies from Hold to Underperform, with a price target reduction from $28 to $20.
April 29, 2024 | 11:22 am
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Jefferies downgraded Southwest Airlines to Underperform and cut its price target from $28 to $20, leading to a decrease in stock price.
The downgrade by Jefferies from Hold to Underperform, accompanied by a significant reduction in the price target from $28 to $20, directly impacts investor sentiment and market perception of Southwest Airlines. This negative outlook from a reputable financial institution likely leads to decreased investor confidence, resulting in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100