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Analysts’ Actions: Southwest Airlines Downgraded With Lower Price Target at Barclays

July 7, 2023
in Trade Tube
Reading Time: 1 min read
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In Thursday’s Analysts’ Actions, TheStreet highlights a downgrade on Southwest Airlines (LUV), and positive noted on Facebook (FB) and Juniper Networks (JNPR). Analysts at Barclays lowered their rating on Southwest Airlines to UNDERWEIGHT from OVERWEIGHT, saying the airline’s growth will likely normalize in 2016. The firm also reduced its price target to $39. Wedbush upgraded Juniper Networks to OUTPERFORM from NEUTRAL with a price target. The firm believes organic growth is set to return. JMP Securities issued a positive note on Facebook. The social media giant’s Instagram is seen as a having big revenue growth potential. The firm increased its price target on shares of Facebook to $101 from $98. Facebook remains JMP’s top-pick with a MARKET OUTPERFORM rating. TheStreet’s Kurumi Fukushima reports in New York.

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