TD Cowen lowered the firm’s price target on Southwest to $19 from $26 and keeps a Hold rating on the shares. The firm lowered their 2Q24/2H24 estimates as they believe the company has few levers to materially boost RASM and close the margin gap with peers and that there is downside risk to estimates for 2024/2025.
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>>
Read More on LUV:
- Southwest Airlines (NYSE:LUV) and Archer Launching California Air Taxi Networks
- Southwest, Archer sign MOU to develop plans for electric air taxi network
- Southwest Airlines Stock (NYSE:LUV): Too Expensive to Bet on a Turnaround
- Southwest announces new, multi-year sponsorship agreement with SEC Network
- Southwest price target raised to $27 from $26 at Barclays