UBS downgraded Delta Air Lines (DAL) to Neutral from Buy with a price target of $42, down from $77. The firm cites a weaker economic backdrop and increasing visibility to a potential recession for the downgrade. UBS tells investors that it does not expect the company to be immune to the significant cyclical pressure that typically occurs during an economic downturn, and believes the current backdrop of a weaker economic outlook and the sharp move up in tariffs appears likely to cause deterioration in both international and premium segments which is a significant risk for the name.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- Options Volatility and Implied Earnings Moves This Week, April 07 – April 11, 2025
- Delta Air Lines downgraded to Neutral from Buy at UBS
- DAL Earnings this Week: How Will it Perform?
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Delta Air Lines Is About to Report Its Earnings Next Week. Here Is What to Expect