Delta Air Lines (DAL) Stock: $53 Price Target And Buy Rating

By Amit Chowdhry ● Apr 24, 2022
  • The shares of Delta Air Lines, Inc. (NYSE: DAL) have received a $53 price target from UBS. These are the details.

The shares of Delta Air Lines, Inc. (NYSE: DAL) have received a $53 price target from UBS. And UBS analyst Myles Walton upgraded Delta Air Lines to a “Buy” rating from a “Neutral” rating while increasing the price target from $44.

Walton adjusted the rating after citing the company’s much better than expected first-quarter total revenue per available seat mile (TRASM), which implies a 12% improvement relative to the second quarter of 2019. 

Plus Delta has been slower than peers to restore capacity by choice as the latest schedules suggest a decline of 16%, but that restraint has allowed for consistent solid operating performance. And Walton added that the airline’s market share picks up as others struggle.

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