Delta Air Lines (DAL) Capital Return Plan Shows Leadership - Imperial Capital

Analysts at Imperial Capital are pleased with the decision from Delta Air Lines (NYSE: DAL) to establish a dividend and share repurchase plan. Amid the news the firm reiterated their Outperform rating and raised their price target from $20 to $23.

Delta Air introduced a $0.06 quarterly dividend and announced a $500 million share repurchase plan.

"We view the capital return plan as further evidence of Delta's leadership among Legacies. We are increasing our target price based on a multiple, as we believe the company's meaningful dividend merits a premium valuation among its peers," analyst Bob McAdoo said.

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 $18.08 yesterday.

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