Southwest (LUV) PT Raised to $29 at Citi

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Go back to Southwest (LUV) PT Raised to $29 at Citi

Will Elliott's Southwest Airlines overhaul succeed? Key challenges analyzed

June 17, 2024 8:00 PM EDT

Citi analysts questioned the guaranteed success of Elliott Investment Management's plan to revitalize Southwest Airlines (NYSE: LUV), according to a note Monday.

While acknowledging potential improvements from an overhaul of oversight and revenue strategy, the note highlights concerns about the impact on customers and competition.

Elliott's proposals include replacing executives and board members,... More