Goldman Sachs analyst Catherine O’Brien resumed coverage of Southwest (LUV) with a Sell rating and $28 price target which represents 14% downside. The firm is concerned Southwest’s current product offering is not being tailored to serve strengthening premium demand over the short-term. It also sees execution risk tied to company margin targets.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUV:
- Elliott sold Marathon Petroleum during Q3, bought more Southwest
- Southwest put volume heavy and directionally bearish
- Southwest names Rakesh Gangwal as independent chair of board
- Southwest Airlines Faces Pressure from Looming Pilots’ Lawsuit
- Jefferies aerospace & defense analysts hold analyst/industry conference call