Raymond James raised Southwest Airlines' price target to $55 from $45, keeping an Outperform rating.
The upgrade cites strong pretax margin guidance for Q2 2026, ranking second among the Big‑5 carriers despite limited premium and long‑haul exposure.
Raymond James dismisses concerns over revenue outlook durability, noting Southwest's year‑over‑year revenue outperformance and potential for further relative‑value gains.