Elliott Statement on Southwest Airlines' (LUV) Board Resignations
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Southwest (LUV) Trade LOD, Down ~5%, Citi Reiterates Neutral and Recaps Announcement
September 10, 2024 10:37 AM EDTCiti 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
