Jefferies analyst, Sheila Kahyaoglu initiates Southwest Airlines with a Buy rating and $55 target. Kahyaoglu believes that Southwest has the best balance sheet and believes that cash flow should remain positive. The analyst also believes the carrier is able to expand it’s domestic market share by 24 percent by 2023 which would contribute $1.8 billion in 2023 revenues.
STA Research has a average target of $46, and has a consensus Strong Buy rating on the stock. The technical indicator is currently slightly bullish.
