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Print FormatRaymond 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.
