Raymond James cuts Southwest Airlines PT; shares up

Raymond James cuts price target on Southwest Airlines LUV.N to $40 from $42, citing weakness in domestic "main cabin"

New PT still a 50% upside to stock's last close

Co's shares up 1.2% at $27 in early trading

"We viewed 2Q25 as the highest risk quarter given the lag to implementation or maturation of key initiatives" - Brokerage

Brokerage, however, reiterates 'outperform' rating

5 of 23 brokerages rate the stock "buy" or higher, 11 "hold" and 7 "sell" or lower; their median PT is $26.50 - LSEG

As of last close, stock had fallen 19.6% YTD