Evercore ISI analyst Duane Pfenningwerth downgraded Southwest to In Line from Outperform with a $35 price target. While fuel prices ended on a more manageable note despite geopolitical risks, Evercore is taking the over on ex-fuel unit costs and the under on capacity growth into 2024, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LUV:
- Southwest put volume heavy and directionally bearish
- U.S. DOT initiating probe of airline frequent flyer programs, Reuters reports
- Southwest Airlines (NYSE:LUV) Enters Tentative Deal Worth $12B with Pilots
- Southwest announces tentative agreement reached with SWAPA
- Southwest strikes preliminary agreement with pilots union, CNBC says