Southwest price target raised to $48 from $38 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Southwest (LUV) to $48 from $38 and keeps an Overweight rating on the shares. The firm maintains an “Attractive” industry view of U.S. airlines into 2026, contending that if the group can finally get a clean, “boring” year to demonstrate their true normalized earnings power, it “could be a transformative year for the stocks.”