Barclays Maintains an 'Overweight' on Delta Air Lines (DAL); Hedging, Cost Discipline Drive 4Q Upside
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Price: $49.88 --0%
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
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Barclays maintains an 'Overweight' on Delta Air Lines (NYSE: DAL) price target of $15.00.
Barclays analyst says, "Today's results and outlook positively reinforced our constructive thought process on DAL and the industry. Proactive capacity cuts have given DAL and others a jump on potential revenue softness and are paying off through better revenue in the interim. We have maintained a 2012 estimate that we believe reflects a reasonable balance between revenue and fuel, though our 4Q assumptions on that front are looking increasingly conservative. After a solid quarter, with valuation at this level, the share price reaction puzzles us."
"We increase our 4Q11E EPS from $0.11 to $0.21 on better than expected revenue and costs. 2012 EPS unchanged at $2.50."
For more ratings news on Delta Air Lines click here and for the rating history of Delta Air Lines click here.
Shares of Delta Air Lines closed at $8.44 yesterday.
Barclays analyst says, "Today's results and outlook positively reinforced our constructive thought process on DAL and the industry. Proactive capacity cuts have given DAL and others a jump on potential revenue softness and are paying off through better revenue in the interim. We have maintained a 2012 estimate that we believe reflects a reasonable balance between revenue and fuel, though our 4Q assumptions on that front are looking increasingly conservative. After a solid quarter, with valuation at this level, the share price reaction puzzles us."
"We increase our 4Q11E EPS from $0.11 to $0.21 on better than expected revenue and costs. 2012 EPS unchanged at $2.50."
For more ratings news on Delta Air Lines click here and for the rating history of Delta Air Lines click here.
Shares of Delta Air Lines closed at $8.44 yesterday.
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