Southwest Airlines adopts 'poison pill' after Elliott pushes for changes

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Southwest (LUV) PT Raised to $33 at Raymond James

July 5, 2024 7:53 AM EDT

Raymond James analyst Savanthi Syth raised the price target on Southwest (NYSE: LUV) to $33.00 (from $30.00) while maintaining a Outperform rating.

The analyst comments "As discussed previously, Elliott Management has taken a ~11% stake in Southwest and is pushing for the replacement of the board... More