Barclays Lowers Estimates on Delta Air Lines (DAL); Fuel Hedge Loss Adds to Caution
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Price: $18.93 +2.38%
Rating Summary:
8 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
8 Buy, 3 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade DAL Now!
Barclays maintains an 'Overweight' on Delta Air Lines (NYSE: DAL) price target of $15.00.
Analyst, David E. Fintzen, said that despite the fuel hedging loss being announced, revenue read-through should be encouraging. However, Fintzen lowers Q2 EPS estimate from $0.85 to $0.70, FY12 EPS from $2.45 to $2.15, but maintains FY13 at $3.25.
In conclusion, he said, "We've modeled softening revenue trends in our 2H estimates not because we see weakening (we think trends are sequentially stronger), but rather to prudently incorporate what appear to be growing risks to the economy."
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 $11.14 yesterday, with a 52 week range of $6.41-$12.25.
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Analyst, David E. Fintzen, said that despite the fuel hedging loss being announced, revenue read-through should be encouraging. However, Fintzen lowers Q2 EPS estimate from $0.85 to $0.70, FY12 EPS from $2.45 to $2.15, but maintains FY13 at $3.25.
In conclusion, he said, "We've modeled softening revenue trends in our 2H estimates not because we see weakening (we think trends are sequentially stronger), but rather to prudently incorporate what appear to be growing risks to the economy."
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 $11.14 yesterday, with a 52 week range of $6.41-$12.25.
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