Delta Air Lines (DAL) PT Raised to $55 at Argus

Argus analyst John Staszak raised the price target on Delta Air Lines (NYSE: DAL) to $55.00 (from $39.00) while maintaining a Buy rating.

The analyst comments " We are maintaining our BUY rating on Delta Air Lines Inc. (NYSE: DAL) with a revised target price of $55. We expect demand for leisure travel to remain strong in 2024. We also expect continued recovery in international traffic, helped by the elimination of most travel restrictions in Western Europe. Based on an overly cautious outlook, we believe that DAL shares are attractively valued at 6.6-times our revised 2024 EPS estimate. Our new price of $55 implies a potential total return of 17% from current levels."

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