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Seaport Research raised the firm’s price target on Southwest (LUV) to $38 from $33 and keeps a Buy rating on the shares. The firm’s revenue conviction is rising as he gains a more defined understanding of how management plans to roll out the ‘Extra Legroom’ option, the analyst tells investors.

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• Southwest files for permit to fly more international routes, Reuters reports

• Southwest price target raised to $31 from $27 at Bernstein

• FAA considers further flight cutbacks in Newark after outages, Bloomberg says

• Moderately bullish activity in Southwest (LUV), with shares up $1.09 (+3.62%) near $31.38.

• Delta Air Lines price target raised to $46 from $42 at UBS