Delta Air Lines Appears To Be On A Smooth Course, Says Morgan Stanley
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Delta Air Lines Inc (DAL) with a price target of $77. Delta reported a Q3 FY23 adjusted operating revenue growth of 13% Y/Y to $14.55 billion, beating the consensus estimate. The strength in premium continued as revenues came in +17% y/y. Management expects trends to be consistent with 3Q and said that initial bookings for the peak holiday periods are strong. The analyst believes 4Q guidance is likely more than good enough at $1.05 - $1.30.
October 13, 2023 | 6:19 pm
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Delta Air Lines reported strong Q3 FY23 results, beating consensus estimates. Morgan Stanley maintains an Overweight rating on the stock with a price target of $77. The company's strong brand, premium customer demand, and controlled costs are expected to drive growth.
Delta Air Lines reported strong Q3 FY23 results, beating consensus estimates, which is a positive signal for investors. The company's strong brand and premium customer demand are expected to drive growth. Morgan Stanley's Overweight rating and price target of $77 further support the positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100