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Barclays Lowers Price Targets On Several Airline Stocks

Barclays Lowers Price Targets On Several Airline Stocks
Barclays analyst Brandon Oglenski updated the price targets for several airline stocks.




The analyst says renewed pandemic effects are likely to impair first-quarter guidance for the airlines; however, he is "optimistic that leisure-focused low-cost carriers can differentiate as 2022 progresses."




The analyst lowered Southwest Airlines Co's (NYSE:LUV) price target to $59 (an upside of 30%) from $65 and maintained an Overweight rating on the shares.




The analyst lowered Spirit Airlines Inc's (NYSE:SAVE) price target to $38 (an upside of 64%) from $46 and kept an Overweight rating on the shares.




The analyst reduced Sun Country Airlines Holdings Inc's (NASDAQ:SNCY) price target to $37 (an upside of 34%) from $41 and kept an Overweight rating on the shares.




The analyst lowered United Airlines Holdings Inc's (NASDAQ:UAL) price target to $52 (an upside of 12%) from $58 and maintained an Equal-Weight rating on the shares.




The analyst reduced Allegiant Travel Co's (NASDAQ:ALGT) price target to $275 (an upside of 49%) from $305 and maintained an Overweight rating on the shares.




The analyst lowered Delta Air Lines Inc's (NYSE:DAL) price target to $45 (an upside of 12%) from $50 and maintained an Equal-Weight rating on the shares.




The analyst lowered Frontier Group Holdings Inc's (NASDAQ:ULCC) price target to $20 (an upside of 45%) from $23 and kept an Overweight rating on the shares.




The analyst reduced JetBlue Airways Corp's (NASDAQ:JBLU) price target to $17 (an upside of 15%) from $20 and maintained an Equal-Weight rating on the shares.




Price Action: LUV shares are trading lower by 1.10% at $45.32, SAVE by 2.69% at $23.14, SNCY by 2.76% at $27.60, UAL by 3.61% at $46.43, ALGT by 1.29% at $184.97, DAL by 3.61% at $39.98, ULCC by 1.88% at $14.09 and JBLU by 2.18% at $14.79 on the last check Friday.
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