Southwest’s valuation is out of whack, Citi says in new ‘sell’ call
Southwest Airlines Co.’s stock fell 3% early Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the valuation has risen while earnings quality and free cash flow conversion have deteriorated.
Southwest Airlines Co.’s stock fell 3% early Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the valuation has risen while earnings quality and free cash flow conversion have deteriorated.
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