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Citigroup Has Lowered Expectations for Southwest Airlines (NYSE:LUV) Stock Price
Citigroup has reduced its price target for Southwest Airlines (NYSE:LUV) from $54 to $44, maintaining a “neutral” rating, implying an 11.85% upside. This adjustment comes amidst mixed analyst coverage, with the stock currently holding an average “Hold” rating and an average price target of $46.42. Following the news, Southwest shares fell by approximately 3.8% to $39.34, despite a slight EPS beat but missed revenue in its recent earnings report.