Research Analysts’ Weekly Ratings Changes for Southwest Airlines (LUV)

Several brokerages have updated their recommendations and price targets on shares of Southwest Airlines (NYSE: LUV) in the last few weeks:

• 4/2/2026 – Southwest Airlines had its price target lowered by Susquehanna from $55.00 to $42.00. They now have a “neutral” rating on the stock.
• 4/2/2026 – Southwest Airlines had its price target lowered by TD Cowen from $56.00 to $46.00. They now have a “buy” rating on the stock.
• 4/1/2026 – Southwest Airlines had its price target lowered by The Goldman Sachs Group, Inc. from $32.00 to $30.00. They now have a “sell” rating on the stock.
• 4/1/2026 – Southwest Airlines had its price target lowered by Bank of America Corporation from $42.00 to $40.00. They now have an “underperform” rating on the stock.
• 3/31/2026 – Southwest Airlines had its price target lowered by BMO Capital Markets from $57.50 to $45.00. They now have an “outperform” rating on the stock.
• 3/31/2026 – Southwest Airlines had its price target lowered by Raymond James Financial, Inc. from $55.00 to $45.00. They now have an “outperform” rating on the stock.
• 3/31/2026 – Southwest Airlines had its price target raised by Jefferies Financial Group Inc. from $41.00 to $42.00. They now have a “hold” rating on the stock.
• 3/27/2026 – Southwest Airlines had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 3/27/2026 – Southwest Airlines had its price target lowered by JPMorgan Chase & Co. from $58.00 to $56.00.
• 3/23/2026 – Southwest Airlines had its price target lowered by UBS Group AG from $59.00 to $56.00. They now have a “buy” rating on the stock.
• 3/20/2026 – Southwest Airlines had its price target lowered by Citigroup Inc. from $54.00 to $44.00. They now have a “neutral” rating on the stock.
• 3/16/2026 – Southwest Airlines had its price target lowered by UBS Group AG to $59.00. They now have a “buy” rating on the stock.
• 3/16/2026 – Southwest Airlines had its price target lowered by Wells Fargo & Company from $50.00 to $44.00. They now have an “equal weight” rating on the stock.
• 3/14/2026 – Southwest Airlines was downgraded by Wall Street Zen from “buy” to “hold”.
• 3/12/2026 – Southwest Airlines had its price target lowered by Jefferies Financial Group Inc. from $48.00 to $41.00. They now have a “hold” rating on the stock.
• 3/11/2026 – Southwest Airlines was downgraded by Zacks Research from “strong-buy” to “hold”.
• 3/9/2026 – Southwest Airlines had its price target lowered by TD Cowen from $66.00 to $55.00. They now have a “buy” rating on the stock.
• 3/5/2026 – Southwest Airlines had its price target raised by Rothschild & Co Redburn from $27.00 to $35.00. They now have a “sell” rating on the stock.
• 2/27/2026 – Southwest Airlines was upgraded by TD Cowen from “hold” to “buy”. They now have a $66.00 price target on the stock, up from $50.00.
• 2/17/2026 – Southwest Airlines was upgraded by UBS Group AG from “neutral” to “buy”. They now have a $73.00 price target on the stock, up from $51.00.

Southwest Airlines Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, March 12th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is currently 85.71%.

Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest’s operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.

Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.