BUZZ-TD Cowen, Susquehanna lift PT on Southwest Airlines on demand recovery

Reuters
Oct 03
BUZZ-TD Cowen, Susquehanna lift PT on Southwest Airlines on demand recovery

** TD Cowen and Susquehanna raise PT on Southwest Airlines LUV.N citing improving demand trends, strategic upgrades to fare and cabin offerings

** TD Cowen maintains rating at "hold" and Susquehanna at "neutral"

** LUV demonstrated resilient operations in Q3, navigating challenges such as July weather disruptions and the Dallas ATC outage, says TD Cowen

** Notes an improved demand outlook, with strong close-in holiday leisure bookings expected to provide upside in Q4

** Susquehanna says LUV's $2 billion stock buyback plan signals confidence in co's long-term value and strategic direction

** 5 of 22 brokerages rate the stock "buy" or higher, 11 "hold" and 6 "sell"; their median PT is $34 - data compiled by LSEG

** As of last close, stock down 3.9% YTD

Brokerages

New PT

Old PT

Upside/ (Downside) from stocks last close

TD Cowen

$24

$21

(25.7%)

Susquehanna

$35

$30

8.3%

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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