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Fly News Breaks for January 17, 2020
LUV
Jan 17, 2020 | 08:43 EDT
Deutsche Bank analyst Michael Linenberg downgraded Southwest Airlines (LUV) to Hold from Buy with a price target of $58, down from $62. The analyst expects another year of "sub-par growth" for Southwest after the airliner pulled Boeing's (BA) 737 Max aircraft from its schedule through June 6. Linenberg reduced his 2020 earnings per share estimate for the company to $4.50 from $4.75 and added that execution risk is high.
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