Delta (DAL)

Jun 28, 2023Trade Ideas

Airline stocks, like Delta (DAL) are taking flight.

Even after running from about $33 to $46, DAL could see higher highs. All after lifting its profit forecast on strong demand. As noted by CNBC, “Delta forecast adjusted earnings per share of $2.25 to $2.50 for the second quarter, up from a previous range of $2 to $2.25 a share. CEO Ed Bastian said the company’s second-quarter earnings, which it is scheduled to report next month, could be its highest ever for the April-June period.”

Analysts are busy raising their price targets this morning.  Bank of America just raised its target to $50 from $48. TD Cowen raised from $54 to $60. Susquehanna raised from $45 to $54. Morgan Stanley also reinstated DAL as a top pick in U.S. airlines.


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