Southwest price target raised to $33 from $30 at Bernstein

Bernstein raised the firm’s price target on Southwest (LUV) to $33 from $30 and keeps a Market Perform rating on the shares. The firm says that a Q4 guide-up and early signs of successful deployment of new tactics lead it to increase its price target but remains on the sidelines due to continued risk of meaningful positive change not appearing in the near-term and concern over aggressive buyback strategy.