- Goldman Sachs analyst Catherine O'Brien downgraded Southwest Airlines Co LUV to Sell from Neutral and lowered the price target to $36 (a downside of 14%), down from $59.
- The analyst expects the company to see higher-than-industry inflation over the medium-term, driven by its investments in upgrading its technology.
- O'Brien mentions this inflation will drive a slower-than-industry return to profitability as Southwest's revenue benefits from these initiatives will be offset by a weaker domestic pricing environment.
- Several analyst firms lowered their respective price targets on the stock on Thursday. Jefferies downgraded the stock.
- Price Action: LUV shares are trading lower by 4.12% at $41.82 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in