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

Delta Air Lines (DAL) PT Raised to $60 at Wolfe Research

Wolfe Research analyst Scott Group raised the price target on Delta Air Lines (NYSE: DAL) to $60.00 (from $57.00) while maintaining a Outperform rating.

The analyst comments "Our Airline index is tracking up 0.2% this week, underperforming the S&P 500 by 80bp and our Transports index by 30bp. Our Airline index is now down 2% YTD, underperforming the S&P 500 (+9%) and our Transports index (+6.3%). However, DAL is up 18% YTD, materially... More

Unwinding Fed rate cuts, ECB decision, earnings season - what's moving markets

Investing.com -- The hot March inflation report has resulted in an unwinding of rate cut expectations for June, and traders will look at the producer prices report for more clarity. The European Central Bank holds its latest rate-setting meeting, while the earnings season kicks into top gear.

The hotter-than-expected March consumer inflation report has resulted in an unravelling of Federal Reserve rate cuts expectations, with a reduction in June now looking more and more unlikely.

The annualized... More

Delta Air Lines (DAL) PT Raised to $60 at Deutsche Bank

Deutsche Bank analyst Michael Linenberg raised the price target on Delta Air Lines (NYSE: DAL) to $60.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Following March quarter results and incorporating the June quarter outlook, our confidence in Delta's ability to... More

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

BofA Securities analyst Andrew Didora raised the price target on Delta Air Lines (NYSE: DAL) to $55.00 (from $53.00) while maintaining a Buy rating.

The analyst comments "DAL reported 1Q24 EPS at the high end of the guided range and initiated 2Q24 EPS guidance of... More

US stock futures fall after hot inflation dashes rate cut hopes

Investing.com-- U.S. stock index futures fell in evening deals on Wednesday, extending losses on Wall Street after hotter-than-expected inflation data saw investors sharply reverse expectations for a June rate cut.

Losses in stock markets also came as the minutes of the Federal Reserves March meeting showed the central bank needed much more convincing that inflation was easing- a trend likely to be furthered by the consumer price index reading for March. 

S&P 500 Futures fell 0.25% to 5,194.25 points, while Nasdaq 100 Futures fell 0.25% to 18,151.75 points by 19:17 ET (23:17 GMT). Dow Jones Futures fell... More

Popular stocks with increasing volume: INTC DAL PFE BAC MU BA C BABA TSM SOFI

Popular stocks with increasing volume: INTC DAL PFE BAC MU BA C BABA TSM SOFI

Melius on Delta Air Lines (DAL): 'margins are already industry-leading and will likely improve'

Melius analyst Conor Cunningham reiterated a Buy rating and $56.00 price target on Delta Air Lines (NYSE: DAL).

The analyst comments "Bottom line there has been growing optimism towards US airlines given the expectation for capacity growth to moderate in 2H and an industry... More

Midday movers: Delta, Taiwan Semiconductor rise; Hexcel falls

(Updated - April 10, 2024 11:12 AM EDT)

Investing.com -- Main U.S. indexes declined Wednesday after hot inflation data made Fed rate cuts in June or July appear less likely.

Here are some of the biggest U.S. stock movers today:

Delta Air Lines (NYSE: DAL) stock outperformed major averages after the carrier offered up an upbeat outlook for the current quarter after its... More

Morgan Stanley Keeps $85 PT on Delta Air Lines (DAL) Post Earnings, 'We believe this result will be well received by the market'

Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating and $85.00 price target on Delta Air Lines (NYSE: DAL).

The analyst comments "We believe this result will be well received by the market. Investors were likely bracing for a more conservative guide with the... More

Delta Air Lines (DAL) tops quarterly expectations, expects record June quarter revenue

(Updated - April 10, 2024 9:03 AM EDT)

Delta Air Lines (NYSE: DAL) reported first-quarter earnings that surpassed Wall Street expectations, buoyed by strong demand and operational performance. The company's shares climbed 4.56% as it also projected record revenue for the upcoming June quarter.

For the first quarter, Delta posted adjusted earnings per share (EPS) of $0.45, exceeding the analyst consensus of $0.34. The company's revenue reached $12.6 billion, outpacing the expected $12.46 billion and marking a 6% increase from the same quarter last year. This top-line growth is attributed to Delta's leading operational reliability and strong demand trends, which... More

Delta expects summer travel demand to produce record second-quarter revenue

By Rajesh Kumar Singh and Deborah Mary Sophia

CHICAGO (Reuters) -Delta Air Lines said on Wednesday it expects the highest second-quarter revenue in its history thanks to buoyant demand for spring and summer travel and what it called the "most constructive backdrop" for the airline industry.

The Atlanta-based carrier forecast a strong profit in the current quarter after reporting better-than-expected earnings in the first quarter.

CEO Ed Bastian said Delta's core consumers are in a healthy position and travel remains a top priority for them. He also highlighted an acceleration in corporate travel spending... More

Delta Air Lines (DAL) Tops Q1 EPS by 11c

Delta Air Lines (NYSE: DAL) reported Q1 EPS of $0.45, $0.11 better than the analyst estimate of $0.34. Revenue for the quarter came in at $12.6 billion versus the consensus estimate of $12.46 billion.

GUIDANCE:

Delta Air Lines sees Q2 2024 EPS of $2.20-$2.50, versus... More

US CPI, China downgrade, Delta earnings - what's moving markets

Investing.com -- The release of the latest iteration of U.S. consumer prices will be the key event Wednesday, while investors will have to digest Fitch's downgrade of its outlook of China's credit rating. Delta also starts the new quarterly earnings season. 

The economic event of the week is fast approaching, with the latest reading of U.S. consumer prices due later in the session.

There has been a great deal of uncertainty within the markets over... More

Delta Air Lines (DAL) April weekly 47 straddle into quarter results

Delta Air Lines (NYSE: DAL) April weekly 47 straddle priced for a move of 5.5% into the expected release of quarter results today before the bell.

Stocks expected to have increasing option volume: DAL TLRY KMX JPM C WFC BAC GS MS

Stocks expected to have increasing option volume: DAL TLRY KMX JPM C WFC BAC GS MS

Key metrics to watch in Delta's earnings report

Investing.com - Delta Air Lines kicks off the airline reporting later Wednesday, and with the carrier having recently reaffirmed its first-quarter profit forecast, the focus will be on the current quarter given the run up in fuel prices.

Delta announced last month that its first-quarter adjusted profit per share is likely to be in the range of 25 cents to 50 cents per share, compared with analysts' average expectations of 36 cents.

It also expects to deliver year-over-year total revenue growth in the top half of the initial guidance range, of 3% to 6%, for the March quarter, while reaffirming its 2024... More

Delta Air Lines (DAL) call put ratio 2 calls to 1 put into quarter results

Delta Air Lines (NYSE: DAL) April weekly call option implied volatility is at 77, April is at 52; compared to its 52-week range of 25 to 42 into the expected release of quarter results before the bell on April 10. Call put ratio 2 calls to 1 put.

Delta Air Lines (DAL) PT Raised to $54 at Susquehanna

Susquehanna analyst Christopher Stathoulopoulos raised the price target on Delta Air Lines (NYSE: DAL) to $54.00 (from $47.00) while maintaining a Positive rating.... More