Dahlman Rose Upgrades Delta Air Lines (DAL) to Buy
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Price: $49.88 --0%
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
Rating Summary:
26 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
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Dahlman Rose upgraded Delta Air Lines (NYSE: DAL) from Hold to Buy with a price target of $19.00.
The upgrade reflects their view that Delta is well positioned to benefit from higher passenger revenue, higher ancillary revenue, and lower fuel costs in 2013.
The price target is based on 7.5x their 2013 EPS estimate of $2.50 per share. "In 1998, these shares sold at 14x forward EPS, which would be triple current prices," the analyst notes.
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 $11.22 yesterday.
The upgrade reflects their view that Delta is well positioned to benefit from higher passenger revenue, higher ancillary revenue, and lower fuel costs in 2013.
The price target is based on 7.5x their 2013 EPS estimate of $2.50 per share. "In 1998, these shares sold at 14x forward EPS, which would be triple current prices," the analyst notes.
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 $11.22 yesterday.
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