Thomas Fitzgerald CFA, an analyst from TD Cowen, maintained the Hold rating on Southwest Airlines (LUV – Research Report). The associated price target was lowered to $25.00.
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Thomas Fitzgerald CFA has given his Hold rating due to a combination of factors affecting Southwest Airlines. The revised price target for the company’s stock is now set at $25, down from the previous target of $28. This adjustment reflects the updated estimates for the airline’s performance in the upcoming fiscal years 2025 through 2027.
Fitzgerald remains cautious, noting that he would like to observe more consistent execution in terms of revenue growth and operational strategies before gaining more confidence in the stock. Additionally, there is skepticism regarding the potential benefits of the airline’s fleet monetization strategy, with expectations that it may not be favorably received by investors. As a result, the analyst anticipates a compression in the stock’s valuation multiple, leading to the Hold rating.
In another report released on February 4, Susquehanna also maintained a Hold rating on the stock with a $34.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LUV in relation to earlier this year.