Southwest Airlines (LUV) 30-day option implied volatility flat

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Southwest Airlines (LUV) under pressure, valuation should come down - Bernstein

January 8, 2024 11:10 AM EST

Bernstein analyst David Vernon downgraded shares of Southwest Airlines (NYSE: LUV) to Underperform from Market Perform, lowering the price target to $24 from $29 per share.

Vernon said the company's model is under pressure, and its cost structure is now in transition.

"We discount airline model is disadvantaged... More