Southwest price target lowered to $46 from $50 at Jefferies

Jefferies analyst Sheila Kahyaoglu lowered the firm’s price target on Southwest (LUV) to $46 from $50 and keeps a Hold rating on the shares following the Q2 report. The firm says the company hitting the high-end of its guidance “requires huge Q4 uplift” from lower fuel prices and a wider revenue and cost per seat spread than feels realistic.

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Southwest price target lowered to $46 from $50 at Jefferies

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