Delta Air Lines (DAL) Stock: $48.50 Target And Buy Rating

By Amit Chowdhry ● Jul 30, 2022
  • The shares of Delta Air Lines recently received a $48.50 price target from Berenberg. These are the details.

The shares of Delta Air Lines recently received a $48.50 price target from Berenberg. And Berenberg analyst Conor Dwyer is maintaining a “Buy” rating on the shares.

Dwyer is continuing to favor U.S. airlines over European flag carriers citing more reasonable valuations, a higher domestic exposure with better demand visibility and consolidation, and lucrative credit card deals. 

Plus Dwyer pointed out that Delta epitomizes this view with an enterprise value now 80% of 2019 levels and its revenue expected to surpass 2019 levels in the third quarter. And Dwyer explained that the robust growth of its American Express credit card deal should dampen its earnings volatility going forward.

This price target reflects slower capacity deployment and the costs of rebuilding the network.