Elliott Investment Management L.P. Cuts Share Stake In Southwest Airlines By 19.9% To 24.3M Shares

Airline Stocks Rally, Treasury Yields Fall as Oil Tumbles on Iran Sanctions

Every major US carrier opened higher as crude fell 3% on Iran de-escalation signals, while Treasury yields fell across the curve and energy lagged.

Raymond James Maintains Outperform on Southwest Airlines, Lowers Price Target to $54

Raymond James analyst Savanthi Syth maintains Southwest Airlines (NYSE:LUV) with a Outperform and lowers the price target from $60 to $54.

TD Cowen Maintains Buy on Southwest Airlines, Lowers Price Target to $48

TD Cowen analyst Tom Fitzgerald maintains Southwest Airlines (NYSE:LUV) with a Buy and lowers the price target from $53 to $48.

Shares of airline companies are trading lower amid an oil price rebound. Expectations for U.S.-Iran negotiations over Strait of Hormuz passage are frozen, with the U.S. threatening major economic pressure on Iran and its trade partners, an approach that may leave energy prices elevated for longer.