Evercore analyst Duane Pfennigwerth maintains $Southwest Airlines (LUV.US)$ with a buy rating, and adjusts the target price from $35 to $38.
According to TipRanks data, the analyst has a success rate of 47.2% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Southwest Airlines (LUV.US)$'s main analysts recently are as follows:
Expectations are elevated as the reporting season approaches, and it is anticipated that airlines will announce robust fourth-quarter results, possibly at the higher end or surpassing mid-quarter forecasts. Analysts suggest that airlines reporting revenue per available seat mile above consensus could gain favor, enhancing confidence in achieving projections for 2025. However, there is scant tolerance for setbacks during this period.
The analyst suggests that the demand recovery in the travel sector, particularly for airlines and lodging, surpassed prior expectations following the election. This rebound was notably accelerated by the shortened interval between Thanksgiving and the peak holiday season, augmented by a surge in corporate travel towards the year's end. Consequently, this dynamic is reflected in adjusted airline industry projections.
Note:
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