Barclays Maintains an 'Overweight' on Delta Air Lines (DAL); Key Themes Reinforced; 4Q Better
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Price: $89.35 --0%
Rating Summary:
30 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
30 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Barclays maintains an 'Overweight' on Delta Air Lines (NYSE: DAL) price target of $14.00.
Barclays analyst says, "Delta's investor day focused on the longer-term story and reinforced key themes like capacity discipline, strategic focus, efforts to drive cost reductions and de-leveraging. 4Q guidance was revised with EBIT margin now expected to be 100 bps higher than prior guidance. Guidance for 2012 was largely in line with the exception of slightly higher non-fuel costs."
"4Q guidance revised up; set up strong for 2012: We are making minor revisions to estimates following the event; 4Q EPS increases from $0.30 to $0.40 while 2012 EPS declines slightly from $2.60 to $2.40."
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 $8.59 yesterday.
Barclays analyst says, "Delta's investor day focused on the longer-term story and reinforced key themes like capacity discipline, strategic focus, efforts to drive cost reductions and de-leveraging. 4Q guidance was revised with EBIT margin now expected to be 100 bps higher than prior guidance. Guidance for 2012 was largely in line with the exception of slightly higher non-fuel costs."
"4Q guidance revised up; set up strong for 2012: We are making minor revisions to estimates following the event; 4Q EPS increases from $0.30 to $0.40 while 2012 EPS declines slightly from $2.60 to $2.40."
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 $8.59 yesterday.
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