Street Calls of the Week: Downgrades for Southwest Airlines, PayPal
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrade for Dollar Tree . During the pandemic, LUV opened 18 new cities with development markets accounting for 10% of the network entering 2024, expected to mature to the historical 4-5% by Q4. These development markets are underperforming, with four cities cut and LUV poised to further reduce losses in this venture.
Underperform at Jefferies means “Describes securities that we expect to provide a total return of minus 10% or less within a 12-month period.”Southwest opened the regular session at $26.60 and closed at $26.84, a decline of 0.70% from the prior day's regular close.Jefferies has expressed concerns about the sustainability of the core business amidst AI challenges. The brokerage house is reducing its FY25 revenue and Adjusted EBITDA estimates by 12% and 20% respectively.
Underperform at Jefferies means “For Underperform rated securities with an average security price consistently below $10, the expected total return is minus 20% or less within a 12-month period.”Chegg opened the regular session at $6.16 and closed at $5.17, a decline of 27.89% from the prior day's regular close.As the BBQ season approaches, Keybanc has upgraded Dollar Tree based on its proprietary “R.I.B.S.
Overweight at Keybanc means “We expect the stock to outperform the analyst's coverage sector over the coming 6-12 months.”Dollar Tree opened the regular session at $119.45 and closed at $118.56, a gain of 0.26% from the prior day's regular close.Rosenblatt’s upgrade decision comes after identifying the third quarter of 2024 as the low point for the company’s revenues and margins.
Buy at Rosenblatt means “We believe this stock will outperform relative to other companies in its industry over the following 12 months.”Extreme Networks opened the regular session at $12.07 and closed at $11.42, a decline of 0.26% from the prior day's regular close.PhillipCapital has revised its stance on PayPal, shifting from a Buy to an Accumulate. Concurrently, the research team has adjusted the DCF target price downward to US$75.00 from the previous US$83.00.
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