Seaport Research raised the firm’s price target on Southwest to $34 from $32 and keeps a Buy rating on the shares. After the company’s management day, the firm notes Southwest “surprised nicely” on Q3 revenue and now expects a more substantial recovery in 2026/2027, the analyst tells investors. Shares, however, are unlikely to re-rate further in the near term, but the share buyback could easily be augmented by free-cash-flow and by aircraft sales, both of which are stock supportive, the firm adds.
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