Southwest price target lowered to $30 from $33 at Raymond James

Raymond James analyst Savanthi Syth lowered the firm’s price target on Southwest to $30 from $33 and keeps an Outperform rating on the shares. Despite another disappointing earnings outlook from Southwest, the cost guidance in the face of MAX delays, if executed, is encouraging and planned incremental remedies are consistent with what the firm believes is at issue, the analyst tells investors in a research note.