Southwest price target lowered to $26 from $32 at Barclays

Barclays lowered the firm’s price target on Southwest (LUV) to $26 from $32 and keeps an Equal Weight rating on the shares post the Q1 report. The company withdrew the only six week old prior significantly improved 2025 and 2026 EBIT guidance as Q2 revenue outlook signals sequentially softer outcomes despite likely favorable impact from bag fees in late May, the analyst tells investors in a research note. The firm says Southwest’s low Q1 load factor is a concern and potentially signals some share loss.