Dahlman Rose Downgrades Delta Air Lines (DAL) to Hold; Capacity Growth Will Be Needed
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Price: $18.54 -0.54%
Rating Summary:
9 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
9 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade DAL Now!
Dahlman Rose downgraded Delta Air Lines (NYSE: DAL) from Buy to Hold.
Analyst, Helane Becker, said, "Delta has been the leader in capacity reductions. We forecast Delta will reduce capacity 2.6% in 2012 and 1% in 2013. Although we viewed the capacity reductions as a positive in an environment of +$3.50 jet fuel, we believe Delta will need to add capacity at some point to continue to increase revenues and earnings."
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 $9.65 yesterday, with a 52 week range of $6.41-$12.25.
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Analyst, Helane Becker, said, "Delta has been the leader in capacity reductions. We forecast Delta will reduce capacity 2.6% in 2012 and 1% in 2013. Although we viewed the capacity reductions as a positive in an environment of +$3.50 jet fuel, we believe Delta will need to add capacity at some point to continue to increase revenues and earnings."
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 $9.65 yesterday, with a 52 week range of $6.41-$12.25.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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