Delta Air Lines (DAL) PT Lowered to $77 at Imperial Capital Following Investor Day

Imperial Capital analyst Michael Derchin lowered the price target on Delta Air Lines (NYSE: DAL) to $77.00 (from $81.00) while maintaining a Outperform rating following the company's investor day. DAL laid out FY19 plans and expects EPS of $6-7.

Derchin believes the setup for DAL in FY19 is favorable considering modest unit revenue expectations. Imperial Capital believes their EPS estimates for FY19 and FY20 could be conservative due to pricing power in domestic hubs with less competition.

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