Southwest price target raised to $32 from $27 at Barclays

Barclays analyst Brandon Oglenski raised the firm’s price target on Southwest to $32 from $27 and keeps an Equal Weight rating on the shares post the Q4 report. Southwest’s quarter was better than prior guidance, but the market is concerned about elevated cost inflation again in 2024 despite management expectations for improved unit revenue performance this year, the analyst tells investors in a research note.