BofA Securities analyst Andrew Didora maintains $Delta Air Lines (DAL.US)$ with a buy rating, and adjusts the target price from $60 to $72.
According to TipRanks data, the analyst has a success rate of 54.6% and a total average return of 0.0% 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:
The performance of airline stocks has been strong following the recent election, with a notable uptick in a major airlines index. This significant movement is understandable considering the high beta nature of airline equities. The current market fundamentals appear promising, especially with the slowing pace of domestic capacity growth. Additionally, the outcome of the election seems to bode well for the underlying industry fundamentals and potential earnings.
The firm anticipates hosting its inaugural investor day shortly, during which it is expected to present guidance for FY25 metrics as well as establish new long-term objectives concerning loyalty/co-brand card and non-ticket revenue opportunities. The focal points are anticipated to include strategies related to hub and partnerships, customer lifecycle development, margin enhancements via fleet renewal, technical operations, cost-saving measures, and capital allocation.
Delta Air Lines has been recognized for its effective execution against its three-year goals set back in 2021, despite challenges beyond its control. There is potential for the company to project an earnings per share greater than $10 by 2027, which would surpass estimates by approximately 25% and consensus figures by 15%.
Note:
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