Shares of Delta Airlines (NYSE: DAL) were up in morning trading on Monday after top-rated Deutsche Bank analyst Michael Linenberg stated that DAL is likely to outperform its peers.
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Linenberg commented, “We endorse management’s focus on margins, earnings, and cash generation which, in our view, are the surest path to value creation. This is particularly important when the industry is in a fragile state (i.e., subject to delays/cancellations with FAA staffing issues, supply chain problems, inclement weather, etc.). On the latter, Delta has made tremendous progress over the past couple of years in hiring and training staff, investing in its fleet, upgrading technology, etc. in support of its future growth.”
The analyst reiterated a Buy and a price target of $47 on the stock. The analyst’s price target implies an upside potential of 36.7% at current levels.
DAL reported a strong March quarter and guided an upbeat outlook for the June quarter.
Other analysts are also bullish about DAL stock with a Strong Buy consensus rating based on 11 unanimous Buys.
