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Goldman Sachs Starts Delta Air Lines (DAL) at Sell; Expect 2H Slowdown

July 12, 2012 7:03 AM EDT Send to a Friend
Get Alerts DAL Hot Sheet
Price: $36.73 -0.97%

Rating Summary:
    15 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 10 | New: 8
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Goldman Sachs initiates coverage on Delta Air Lines (NYSE: DAL) with a Sell. PT $9.30.

Analyst, Tom Kim, said, "We are 15% below consensus on our 2012E EPS estimate, as we expect EPS growth to decelerate in 3Q on weaker-than-expected traffic growth and a deceleration in yield gains albeit off of a higher base. Other than recurrent earnings risk we are also concerned about company’s acquisition of Trainer Refinery, which closed in June 2012, given the execution risks related to operating an oil refinery and the industry’s cyclicality."

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 $11.09 yesterday.




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