Redburn upgrades Southwest to Neutral, keeps Buy on Delta and United

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โดย Investing.com·US·Read original
Summary · why it matters

Redburn upgraded Southwest Airlines to Neutral from Sell while reiterating Buy ratings on Delta and United, citing a strong sector backdrop. Analyst James Goodall said results through the first half of 2026 confirmed strong leisure and premium demand and acceptance of higher domestic fares, and he expects lingering capacity constraints, softer low-cost carrier competition and premium strength to drive continued unit revenue growth into next year. Redburn lifted its jet fuel cost forecasts materially above consensus, seeing downside to 2026 earnings across the sector, though it argued that is largely priced in after recent share price falls. Its 2027 forecasts are ahead of consensus for Delta and United, with target prices of $105 and $150 respectively, while Southwest carries a $40 target and American keeps a Neutral rating and a $13.50 target on greater fuel-price sensitivity.

Impact on stocks 6

Industrials▲ · 4 stocks
Delta Air Lines Inc
DAL
▲ PositiveCapitalrelevance

Redburn reiterates Buy with a $105 target and 2027 forecasts ahead of consensus for Delta.

Southwest Airlines Company
LUV
▲ PositiveCapitalrelevance

Redburn upgrades Southwest to Neutral from Sell with a $40 target, removing its prior bearish rating.

American Airlines Group
AAL
± MixedCapitalrelevance

Redburn keeps Neutral rating and $13.50 target, noting greater fuel-price sensitivity; no upgrade or positive catalyst.

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