Southwest price target lowered to $30 from $32 at Barclays

Barclays lowered the firm’s price target on Southwest to $30 from $32 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview on the airlines group. Airline reporting season may be dominated by higher fuel prices, a near-term focus on likely negative unit-revenue outlooks, elevated capacity growth in Q2, cost challenges from Boeing delays, but also long-term potential to improve yields for most airlines set against lo stock valuations in the sector, the analyst tells investors in a research note.