Southwest Airlines Announces Cancellation Of Thousands Of Flights, Here's A Look At Recent Price Target Cuts By The Most Accurate Analysts

Southwest Airlines Co LUV shares dropped on Tuesday after the airline canceled thousands of flights, which drew scrutiny from officials.

The U.S. Transportation Department said Monday evening it would investigate if the outsized share of flights canceled by the company were in its control, reported Yahoo Finance.

Southwest shares dropped 6% to close at $33.94 on Tuesday, and lost 0.6% in after-hours trading.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the EV maker in the recent period.

• Goldman Sachs analyst Catherine O’Brien reinstated a Neutral rating on the stock on December 16, 2022, with a price target of $41. This analyst sees around 21% upside in the company’s stock and has an accuracy rate of 58%.
• Deutsche Bank’s analyst Michael Linenberg maintained a Buy rating on December 8, 2022, and raised the price target from $60 to $62. This analyst sees around 83% upside in the company’s stock and has an accuracy rate of 74%.
• Barclays analyst Brandon Oglenski maintained an Overweight rating on December 1, 2022, and raised the price target from $40 to $48. This analyst sees around 41% upside in the company’s stock and has an accuracy rate of 56%.
• B of A Securities analyst Andrew Didora maintained a Buy rating on October 6, 2022, and cut the price target from $50 to $45. This analyst sees over 32% upside in the company’s stock and has an accuracy rate of 45%.
• Raymond James analyst Savanthi Syth reiterated a Strong Buy rating on the stock on October 4, 2022, and slashed the price target from $51 to $48. This analyst sees around 41% upside in the company’s stock and has an accuracy rate of 67%.

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