Southwest Airlines (LUV) to cut capacity in 2024 amid Boeing headwinds, shares slip

Boeing (BA) PT Lowered to $260 at Wolfe Research, 'How to break a negative news/event cycle'

Wolfe Research analyst Myles Walton lowered the price target on Boeing (NYSE: BA) to $260.00 (from $270.00) while maintaining a Outperform rating.

The analyst comments "We are Outperform rated on Boeing shares with ~40% upside to our updated price target of $260 (prev $270). BA shares are down 30% on the year which is... More

Boeing (BA) PT Lowered to $270 at Stifel, 'Orderbook Remains In Good Shape and Deliveries are Pacing Roughly as Expected

Stifel analyst Bert W. Subin lowered the price target on Boeing (NYSE: BA) to $270.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "February orders and deliveries didn't reveal anything too surprising with 15 orders for aircraft (10 MAXs, 1 777F and 4 787-9s) and 27... More

RBC Capital Cautions 'Airbus could be poised to take additional share from Boeing' (BA)

RBC Capital analyst Ken Herbert reiterated an Outperform rating and $260.00 price target on Boeing (NYSE: BA).

The analyst comments "Airbus could be poised to take additional share from Boeing, especially if they add pressure to Boeing's customers. As we detailed with Airbus's (AIR-FR)... More

Jefferies on Boeing (BA) Impact: 'LUV intends to reduce capacity and re-optimize schedules primarily in H2:24'

Jefferies analyst Shelia Kahyaoglu reiterated a Buy rating and $300.00 price target on Boeing (NYSE: BA).

The analyst comments "Preliminary results from the FAA Audit at BA/SPR facilities have been reported (unverified); BA has failed 33 of 89 audits, w/ 97 instances of non-conformance recorded, while SPR failed 7 of 13 audits. Separately, LUV has... More

The FAA's Boeing audit finds dozens of 737 MAX production issues - NYT

On Monday, The New York Times reported that the Federal Aviation Administration's (FAA) audit of Boeing's (NYSE: BA) 737 MAX production failed 33 of 89 tests.

The publication, citing an FAA presentation it has viewed, said the wide-ranging investigation revealed the jet maker failed a check that dealt with the component that blew off the Alaska Airlines jet in January.

After a 3%... More

Argus Upgrades Southwest (LUV) to Buy, 'outlook has improved'

(Updated - March 12, 2024 7:51 AM EDT)

Argus analyst John Staszak upgraded Southwest (NYSE: LUV) from Hold to Buy with a price target of $40.00.

The analyst comments "We are upgrading Southwest Airlines Co. (NYSE: LUV) to... More

Southwest Airlines (LUV) Offers Guidance and Update

Southwest Airlines (NYSE: LUV) is providing updated guidance regarding selected financial trends. The Company's President and Chief Executive Officer, Bob Jordan, will be presenting at the J.P. Morgan Industrials Conference today, March 12, 2024, at 10:00 a.m. Eastern Standard Time. A live webcast of the Company's 2024 J.P. Morgan Industrials Conference presentation is available on the Company's website at www.southwestairlinesinvestorrelations.com, in the Events and Presentations section under Upcoming Events. Likewise, a replay of the webcast will be made available following the conclusion of the live event. The slides used in conjunction with today's... More