Analyst Grounds Southwest Airlines Stock with "Sell" Rating
Portfolio Pulse from
Southwest Airlines (LUV) stock is experiencing a decline in premarket trading following a downgrade by Citi from 'neutral' to 'sell'. The price target has also been reduced from $31.50 to $29.50.
January 16, 2025 | 2:30 pm
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Citi has downgraded Southwest Airlines from 'neutral' to 'sell', reducing the price target to $29.50. This has led to a decline in the stock's premarket trading.
The downgrade from Citi, a reputable financial institution, from 'neutral' to 'sell' is a significant negative signal for investors. The reduction in the price target further supports a bearish outlook, leading to a decline in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100