Raymond James Cuts Delta Air Lines Price Target By ~6%
Raymond James analyst Savanthi Syth lowered the price target for Delta Air Lines, Inc's (NYSE: DAL) to $50 (an upside of 73%) from $53 while maintaining the Strong Buy rating on the shares.
The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity growth moderation.
Related: Raymond James Shakes Up Ratings & Price Targets On Several US Airlines; Downgrades Alaska Air
Syth sees unique tailwinds for DAL vs. legacy peers, which are, in addition to its relatively lower debt burden (vs. AAL), lack of a hefty aircraft order book (vs. UAL), history of balanced capital deployment, and structural advantages.
Also Read: Pilot Shortage Pushes American Airlines To Quit Services In 4 Cities: CNBC
Price Action: DAL shares are trading lower by 3.45% at $28.96 on the last check Thursday.
Latest Ratings for DAL
Date | Firm | Action | From | To |
|---|---|---|---|---|
Jan 2022 | Berenberg | Upgrades | Hold | Buy |
Jan 2022 | Argus Research | Upgrades | Hold | Buy |
Jan 2022 | Barclays | Maintains | Equal-Weight |
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