Delta Air Lines' Resilient Revenue Growth And Potential $10 EPS: Analysts Share Optimistic View
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna and Morgan Stanley analysts have reiterated positive ratings on Delta Air Lines, Inc. (NYSE:DAL), raising the price target to $54 and $70 respectively. The airline recently revised its FY23 outlook and reiterated its FY24 targets. Potential upside catalysts include the widespread distribution of the CV-19 vaccines, easing of travel restrictions, solid booking trends, and a decline in fuel prices. The analysts believe that if 2023 EPS comes in comfortably above the 2024 target of $7, it puts DAL firmly on the path to achieving $10 EPS.
June 28, 2023 | 6:29 pm
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POSITIVE IMPACT
Delta Air Lines has received positive ratings from Susquehanna and Morgan Stanley analysts, with raised price targets. The airline's potential upside catalysts and revised FY23 outlook could lead to a significant increase in its stock price.
The positive ratings and raised price targets from analysts indicate a strong confidence in Delta Air Lines' performance. The potential upside catalysts, such as the widespread distribution of the CV-19 vaccines, easing of travel restrictions, solid booking trends, and a decline in fuel prices, are likely to positively impact the airline's revenue and earnings, leading to a potential increase in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100