UBS analyst Myles Walton upgraded Southwest to Buy from Neutral with a price target of $41, up from $37. The path for a domestic travel recovery is clearer, the analyst tells investors in a research note, while the company's cash burn reduction removes some of the tail risk. Walton adds that load factors of 40% exiting Q2 would be an "encouraging sign" for Southwest while its balance sheet position relative to other airlines is "remarkably clean".Details coming soon. ...
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