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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.
...read full article on Benzinga