Southwest downgraded to Equal Weight from Overweight at Barclays

Barclays downgraded Southwest to Equal Weight from Overweight with a price target of $38, down from $42. Airlines should benefit from strong demand this Spring, the analyst tells investors in a research note. The firm is swapping its "safe" airline recommendation from Southwest (LUV) to Alaska Air (ALK) and taking on more leverage risk with United (UAL) while stepping back from an "increasingly complex" Allegiant (ALGT).