Evercore ISI Group Lowers Price Target for Southwest Airlines (LUV) to $34.00, Maintains "In-Line" Rating.

Evercore ISI Group lowered their price target for Southwest Airlines (LUV) to $34.00 from $40.00, a 15% decrease, while maintaining an "In-Line" rating. The average target price from 18 analysts is $30.87, with a high estimate of $46.00 and a low of $19.00. The average brokerage recommendation is 3.1, indicating a "Hold" status. GuruFocus estimates a GF Value of $37.60 in one year, suggesting a 14.55% upside from the current price.

Evercore ISI Group has recently revised its price target for Southwest Airlines (LUV) to $34.00 from the previous $40.00, representing a 15% decrease. Despite this adjustment, the firm has maintained its "In-Line" rating for the airline, indicating alignment with the broader market outlook [1].

The new price target reflects Evercore ISI Group's updated outlook on Southwest Airlines' future performance, taking into account various market factors and company-specific developments. Investors and stakeholders will likely assess this new target in their ongoing evaluation of LUV's stock performance.

Analysts' Forecasts
The average one-year price target for Southwest Airlines, as per 18 analysts, is $30.87, with a high estimate of $46.00 and a low of $19.00. This average target implies a downside of 5.96% from the current price of $32.83 [1].

Brokerage Recommendations
The consensus recommendation from 23 brokerage firms places Southwest Airlines at an average rating of 3.1, indicating a "Hold" status. This rating scale ranges from 1 (Strong Buy) to 5 (Sell) [1].

GuruFocus Estimates
According to GuruFocus estimates, the projected GF Value for Southwest Airlines in one year is $37.60, suggesting a 14.55% upside from the current price of $32.825. The GF Value represents GuruFocus' assessment of the stock's fair market value, calculated using historical trading multiples, past business growth, and future performance forecasts [2].

In summary, Evercore ISI Group's revised price target for Southwest Airlines reflects a more cautious outlook on the airline's future performance. Investors should consider this adjustment alongside other market indicators and analyst forecasts when evaluating LUV's stock.

References:
[1] https://www.gurufocus.com/news/3005956/evercore-isi-group-lowers-price-target-for-southwest-airlines-luv--luv-stock-news
[2] https://www.gurufocus.com/news/2999438/southwest-airlines-luv-unveils-2-billion-share-buyback-amid-earnings-miss?mobile=true