Southwest price target raised to $35 from $34 at Evercore ISI

Evercore ISI analyst Duane Pfennigwerth raised the firm’s price target on Southwest (LUV) to $35 from $34 and keeps an In Line rating on the shares. With demand having improved significantly in Q3 and September exit rates notably stronger than the start of the quarter, the firm sees a “promising setup” for airlines heading into 2026 and contends that recent weakness in airline stocks presents “an attractive entry point” into Q4, the analyst tells investors in a note on the group.