UBS initiated coverage of Delta Air Lines with a Buy rating and $59 price target. The analyst is bullish on Delta and sees potential upside to margins in 2024 and 2025, driven by an inflection in unit revenues and moderation in cost pressures beginning in the second half of 2024. UBS recommends buying the stock now in advance of this upcoming multi-quarter period of margin expansion.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on DAL:
