Southwest Airlines (LUV) Launches Assigned Seating, Premium Options
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Deutsche Bank Downgrades Southwest (LUV) to Hold, 'See near-term EPS pressure'
July 26, 2024 7:33 AM EDTDeutsche Bank analyst Michael Linenberg downgraded Southwest (NYSE: LUV) from Buy to Hold with a price target of $29.00 (from $32.00).
The analyst comments "We are lowering our 12-month price target on LUV's shares from $32 to $29. Our PT is derived by applying a ~4x EV/EBITDAR multiple to our 2024 EBITDAR... More
Southwest Airlines reports Q2 results ahead of estimates, plans to end open seating
July 25, 2024 6:46 AM EDTSouthwest Airlines (NYSE: LUV) saw its shares slip in premarket trading Thursday despite reporting Q2 earnings and revenue that beat analyst estimates.
The US carrier posted Q2 earnings per share (EPS) of $0.58, surpassing the consensus estimate of $0.52. Revenue came in at $7.35 billion, also ahead of the consensus projection of $7.32 billion.
Still, the companys shares fell more than 2% in the... More
