UBS lowered the firm’s price target on Southwest (LUV) to $27 from $36 and keeps a Neutral rating on the shares. The price target reduction reflects the rising risk of a recession and resulting pressure on RASM and EPS, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Analysts Are Cautious on United Airlines Stock (UAL) Ahead of Q1 Earnings
- Southwest price target raised to $42 from $40 at Raymond James
- Allegiant Travel upgraded to Strong Buy at Raymond James ahead of earnings
- Raymond James downgrades United Airlines to Market Perform ahead of earnings