Argus Starts Delta Air Lines (DAL) at Buy

Argus initiates coverage on Delta Air Lines (NYSE: DAL) with a Buy rating and a price target of $55.00.

Analyst John Staszak said the company is "benefiting from strong industry fundamentals, including low fuel costs, reduced industry capacity, and rising demand for air travel. It is also upgrading its fleet with new, fuel-efficient aircraft and expanding globally through partnerships with international carriers."

The firm sees operating margins improving over the next two years and set EPS estimates of $5.00 for 2015 and $5.95 for 2016.

For an analyst ratings summary and ratings history on Delta Air Lines click here. For more ratings news on Delta Air Lines click here.

Shares of Delta Air Lines closed at $44.88 yesterday.

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