Delta Air Lines (DAL) PT Lowered to $75 at Stifel on Higher Fuel and Lower 3Q RASM

Stifel lowered its price target on Delta Air Lines (NYSE: DAL) to $75.00 (from $80.00) while maintaining a Buy rating, following the company's third quarter RASM guidance announcement.

Analyst Jospeh DeNardi notes a cautious outlook on the shares following the company's third quarter RASM guidance announcement, as management lowered third quarter RASM by 100bps to 2-3%, due to the slower recovery in close-in domestic yields, while higher fuel pricing also remains a headwind.

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