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

By Amit Chowdhry ● Apr 20, 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 increased the price target from $44 while upgrading Delta Air Lines to a “Buy” rating from a “Neutral” rating.

Walton adjusted the rating as he expects much better than expected pricing.

“The implied 12% improvement in TRASM in 2Q22 vs. 2Q19 is well ahead of the mid-SD we thought possible and implies a unit revenue gain 35% larger than the unit cost increase due to fuel highlighting the current ability of Delta to push through elevated costs,” wrote Walton in a research note. “(Delta Air Lines) has been slower than peers to restore capacity by choice as latest schedules suggest -16% vs 2019 in 2Q while our coverage avg ex-DAL is -7%, but that restraint has allowed for consistent solid operating performance and we suspect share pick-ups as others struggle.”

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