UPDATE: Jefferies Upgrades Delta Air Lines (DAL) to Buy

Jefferies analyst Sheila Kahyaoglu upgraded Delta Air Lines (NYSE: DAL) from Neutral to Buy with a price target of $60.00.

The analyst comments "We are upgrading DAL to Buy on the next phase of the recovery as the focus shifts from a recovery in domestic and leisure travel to corporate and international. DAL is well positioned to take share given a strong domestic footprint with SMBs and overweight exposure to Europe at 52% of 2019 int'l ASMs into the region (vs. 43% for network peers). Our 2023 EPS rises to a Street high of $7.60 from $6.15, 4% above 2019 EPS of $7.32."

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 $46.08 yesterday.

You May Also Be Interested In

• Evercore ISI Upgrades First Solar (FSLR) to Outperform
• Fiserv (FI) PT Raised to $175 at TD Cowen
• JPMorgan Upgrades Samsung SDS Co Ltd (018260:KS) to Overweight