SOUTHWEST AIRLINES ANNOUNCES TENTATIVE AGREEMENT FOR FLIGHT SIMULATOR TECHNICIANS

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Southwest (LUV) Trade LOD, Down ~5%, Citi Reiterates Neutral and Recaps Announcement

September 10, 2024 10:37 AM EDT

Citi analyst Stephen Trent reiterated a Neutral rating and $28.25 price target on Southwest (NYSE: LUV)

The analyst comments "Southwests announcements on board changes look like adjustments to the carriers strategic positioning, but do not look like an attempt to reinvent the wheel. The announcements call for a reduced board, including the appointment of up to four new board members. Moreover, the US-based discount giant gave a ringing endorsement of CEO Bob Jordan, stating that they have no better leader to execute on a robust strategy. Ongoing... More