BofA analyst Andrew Didora raised the firm’s price target on Southwest (LUV) to $42 from $37 and keeps an Underperform rating on the shares. While stating that the firm and the Street have been more skeptical of the execution of this plan, the analyst admits “we may have underestimated the earnings of the new credit card agreement” while raising the firm’s 2026 EPS estimate to $4.36 from $3.60. However, the firm adds that it sees “much priced in” following the earnings day stock move.
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