Delta Air Lines On A Robust Trajectory: Morgan Stanley Reiterates Overweight Rating With Higher Price Target
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Delta Air Lines Inc (DAL) and raised the price target from $70 to $77. The company reported 2Q23 EPS of $2.68, above consensus, and Adjusted Operating Revenues of $14.613 billion, also above consensus. The analyst believes the current long-term EPS target of $7 is likely achieved and the next stop should be a $10 EPS target by 2025/26. Despite the stock’s nearly 50% YTD run-up, the analyst thinks it can still double in the next couple of years.
July 14, 2023 | 5:40 pm
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Delta Air Lines has received an Overweight rating from Morgan Stanley, with a raised price target of $77. The analyst believes the stock can still double in the next couple of years, despite its nearly 50% YTD run-up.
The news is directly about Delta Air Lines and is highly relevant. The Overweight rating and raised price target from a reputable firm like Morgan Stanley is a positive signal for the stock. The analyst's belief that the stock can still double in the next couple of years, despite its nearly 50% YTD run-up, indicates strong confidence in the company's performance and growth potential.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100