Analyst Rating Update on Delta Air Lines (DAL)

Delta Air Lines (DAL) : Zacks Investment Research ranks Delta Air Lines (DAL) as 5, which is a Strong Sell recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 1.3, which indicates as a Strong Buy.

Delta Air Lines (DAL) : The most positive equity analysts on Delta Air Lines (DAL) expects the shares to touch $67, whereas, the least positive believes that the stock will trade at $49 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $54.95 with an expected fluctuation of $5.87 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan maintains its rating on Delta Air Lines (NYSE:DAL). The global brokerage major lowers the current price target from $63 per share to $48.5 per share. Analysts at the JP Morgan have a current rating of Overweight on the shares. The rating by the firm was issued on July 27, 2016.


Delta Air Lines (NYSE:DAL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.38 and $36.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.48, notching a gain of 0.25% for the day. The total traded volume was 10,992,102 . The stock had closed at $36.39 on the previous day.

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Companys route network is centered on a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. The Companys segments include its Airline segment and Refinery segment. The Companys Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services, including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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