Imperial Capital Raises Price Target on Delta Air Lines (DAL) to $44
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
Imperial Capital reiterated an In-Line rating on Delta Air Lines (NYSE: DAL), and raised the price target to $44.00 (from $41.00), after adjusting estimates following the company's 3Q earnings report. Imperial now estimates FY17 PRASM will decline by (0.5%) versus (1.5%) previously. EPS estimates have been lowered to $1.10 from $1.35.
Analyst Michael Derchin commented, "We are maintaining our In-Line rating and our lowering our estimates on higher unit costs, but increasing our one-year price target on DAL shares to $44 from $41 on higher valuations due to improving unit revenue trends. We now estimate FY17 PRASM will decline by (0.5%) versus (1.5%) previously. Our price target is about 10% above the recent share price. We are lowering our 4Q16 EPS estimate to $1.10 from $1.35, our FY16 EPS estimate to $5.67 from $5.75, and our FY17 estimate to $5.25 from $5.46."
Shares of Delta Air Lines closed at $40.01 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oppenheimer Raises Price Target on Microsoft (MSFT) to $65 Following 1Q Beat
- UPDATE: Seaport Global Securities Starts Union Pacific (UNP) at Buy
- Credit Suisse Downgrades Time Warner (TWX) to Neutral Following Takeover
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesEarnings, Imperial Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!