Southwest price target raised to $29 from $24 at JPMorgan

JPMorgan raised the firm’s price target on Southwest to $29 from $24 and keeps a Neutral rating on the shares. The analyst says “it is increasingly difficult to ignore the compelling setup for certain airline equities.” Broader economic trends are healthy and capacity plans continue to moderate, the analyst tells investors in a research note. The firm says adds that fuel is proving salubrious, at least for now, while valuations “don’t appear stretched.”