Elliott confirms investment of approximately $1.9 billion in Southwest Airlines (LUV)
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Barclays Reiterates Equalweight Rating on Southwest (LUV)
June 12, 2024 6:26 AM EDTBarclays analyst Brandon Olgenski reiterated an Equalweight rating and $26.00 price target on Southwest (NYSE: LUV).
The analyst comments "Southwest Airlines has fallen from one of the most profitable large US carriers to one of the lowest; fresh perspective on strategic direction and network design could have meaningfully positive impact on relative margins. Please see our initial reaction on activism at Southwest here: Thoughts on Potential Activist Shareholder published 10 June 2024. Southwest financial performance has materially trailed other US airlines, which has led to the attention of activist shareholder Elliott, with the investment firm... More
