Barclays lowered the firm’s price target on Southwest to $26 from $30 and keeps an Equal Weight rating on the shares. The company’s Q1 revenue performance was not nearly as strong as previously guided, taking down earnings forecasts as the company deals with lower capacity on Boeing delays and continued cost inflation, 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>>
Read More on LUV:
- Southwest Airlines (NYSE:LUV) Launches Plan to Address Terrible Earnings
- LUV Earnings: Southwest Airlines Nosedives on Dismal Q1 Numbers
- SOUTHWEST AIRLINES REPORTS FIRST QUARTER 2024 RESULTS
- Notable companies reporting before tomorrow’s open
- Southwest Transport Workers Union Local 556 vote in favor of new CBA