Delta Apparel Would Gain From Retaining Its Salt Life Business Than By Selling, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Dala Telsey has reiterated a Moderate Risk rating on Delta Apparel Inc (DLA) shares, maintaining a price target of $10. The analyst believes that DLA would gain more by retaining its Salt Life business, which has been a significant growth driver, rather than selling it. Despite macro headwinds impacting earnings, the analyst is optimistic about DLA's business model and expects top line growth in the latter half of the next fiscal year.
October 03, 2023 | 7:27 pm
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Delta Apparel Inc's (DLA) Salt Life business has been identified as a significant growth driver. An analyst suggests that retaining this business could lead to greater shareholder value. Despite macroeconomic headwinds, DLA is expected to see top line growth in the latter half of the next fiscal year.
The analyst's recommendation to retain the Salt Life business, which has been a significant growth driver, suggests a positive outlook for DLA. Despite macroeconomic headwinds, the expectation of top line growth in the latter half of the next fiscal year also indicates potential positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100