The firm trimmed its price target on the airline’s shares, but still sees upside of 27%.
Southwest Airlines is still a stock worth buying despite the recent bout of flight cancellations, according to
Research. analyst Colin Scarola maintained his rating of the stock as a buy. But he lowered the price target to $41 per share from $47, citing damage to the brand after it canceled thousands of flights in recent days amid scheduling challenges coming out of the winter storm last week. Scarola's new price target implies a 27.4% upside over where the stock closed Wednesday. He said the stock's drop this month on the back of the cancellations has made it a smart time to buy in.
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