Delta Air Lines (DAL) PT Lowered to $75 at Stifel on Higher Fuel and Lower 3Q RASM
Get Alerts DAL Hot Sheet
Price: $43.44 +0.74%
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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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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