Jefferies analyst Sheila Kahyaoglu maintains $Delta Air Lines (DAL.US)$ with a buy rating, and adjusts the target price from $60 to $58.
According to TipRanks data, the analyst has a success rate of 63.8% and a total average return of 11.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Delta Air Lines (DAL.US)$'s main analysts recently are as follows:
Delta Air Lines' Q4 revenue growth forecast ranging between 2%-4% modestly trails the anticipated 3.5% at the midpoint, influenced by a somewhat restrained capacity growth coupled with unit revenues meeting predictions. The attention of investors is now transitioning towards the investor day scheduled for November 20, during which there is an anticipation of gaining deeper insights into Delta's enduring earnings framework, return on invested capital objectives, financial structure ambitions, and priorities concerning the allocation of capital.
Post-Q3 reporting, it was noted that Delta Air Lines' Q4 unit revenue guidance was somewhat below expectations. However, it suggests an enhancing industry environment as the pace of capacity expansion moderates following a period of assertive growth earlier in the year.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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