Raymond James analyst Savanthi Syth raised the firm’s price target on Southwest (LUV) to $40 from $36 and keeps an Outperform rating on the shares as part of a Q4 earnings preview for the airlines. The target bump reflects a modest increase in applied multiples and the shift to a 2025 base period, the analyst tells investors in a research note. The firm e believes Alaska, Allegiant, JetBlue and American are best positioned into the Q4 reports, while on a medium to long-term basis Delta remains its top pick given an attractive risk/reward dynamic.
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