Barclays Maintains an 'Overweight' on Delta Air Lines (DAL); Investor Day Preview

Barclays maintains an 'Overweight' on Delta Air Lines (NYSE: DAL) price target of $14.00.

Barclays analyst says, "DAL will host an investor day tomorrow that should reinforce several positive themes like capacity discipline, strategic focus, vigilance on costs, and continued de-leveraging. We expect these themes to resonate well with investors, which have shown more interest in the space following AMR's bankruptcy and we believe current valuations leave plenty of room for upside as market confidence in the outlook increases. Our current outlook is for material earnings growth in 2012 despite economic uncertainty and volatile energy prices."

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 $8.50 yesterday.

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