Delta Air Lines (DAL) PT Lowered to $59 at TD Cowen

TD Cowen analyst Helane Becker lowered the price target on Delta Air Lines (NYSE: DAL) to $59.00 (from $61.00) while maintaining a Buy rating.

The analyst comments "We update our estimates for DAL to reflect management's latest guidance and color on 2H24. We maintain our Buy and lower our PT to $59, or 8x 2025E EPS and 5.7x 2025E EV/EBITDAR. DAL is not immune to domestic main cabin overcapacity but remains best positioned to navigate near-term industry swings. Long-term tailwinds intact. Investor Day in November provides positive catalyst opportunity."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Mosaic sets pricing for tender offers on up to $1.4B in debt
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy