LUV - Bearish Southwest Airlines Analyst Says This Company Decision Is 'A Step In The Right Direction' | Benzinga
Shares of Southwest Airlines Co (NYSE: LUV) gained last month after the company reached a tentative agreement with its pilots association.
The Dallas-based company is likely to report its full year 2023 earnings at around half of the Street’s expected $3+ per share, while 2024 could prove to be a "transitional year,” according to Bernstein.
The Southwest Airlines Analyst: Bernstein's David Vernon downgraded the rating for Southwest Airlines from Market Perform to Underperform, while raising the price target from $77 to $90.
The Southwest Airlines Thesis: The 2024 outlook could be worse than anticipated as the ...