BUZZ-Barclays upgrades Southwest Airlines rating to "overweight"; shares rise

Reuters12-17 00:09
BUZZ-Barclays upgrades Southwest Airlines rating to "overweight"; shares rise

** Shares of Southwest Airlines LUV.N rise nearly 2.8% to about $42.90

** Barclays upgrades LUV's rating to "overweight" from "equal weight", raises price target to $56 from $34

** New PT represents an upside of 34.2% from stock's last close

** Brokerage expects LUV to benefit from material improvement in relative revenue generation, especially in early 2026 as extra legroom and assigned seating options go live

** LUV's EPS to exceed $4 in 2026 and north of $6 in 2027, driving our revised estimates 60% and 70% above current consensus - Barclays

** Six of 24 brokerages rate the stock "buy" or higher, 12 "hold" and six "sell" or lower; their median PT is $36; according to data compiled by LSEG

** Including session's move, shares up 27.6% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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