|Bid||47.62 x 1000|
|Ask||47.65 x 1200|
|Day's Range||47.42 - 48.45|
|52 Week Range||37.48 - 64.75|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 21, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 03, 2020|
|1y Target Est||66.40|
Delta Air Lines and other airline stocks have rebounded with travel as the coronavirus pandemic starts to wane, but the rebound is likely to be uneven.
Evercore ISI analyst Duane Pfenningwerth downgraded Southwest Airlines Co (NYSE: LUV) to In-Line from Outperform and lowered the price target of $48 (an upside of 0.51%) from $55. Given his view of longer-lasting rebuild cost pressures and his opinion that Street expectations are "overly optimistic," he sees muted valuation upside. As a response to insufficient staffing and recent operational challenges, Southwest is "logically" slowing its growth rate in Q4 and Q1, but ramping hiring while slow
Leadership from both of the companies said they're counting on pent-up demand for business travel in 2022.