Delta Air Lines price target lowered to $47 from $50 at Susquehanna

Susquehanna lowered the firm’s price target on Delta Air Lines to $47 from $50 and keeps a Positive rating on the shares. The firm noted their Q4 earnings were due to better operating performance but said investors were likely aanticipating a cut to 2024 adjusted earnings guidance and also expecting the upward revision to the 2024 unit cost outlook, and by extension, argue for the high-end of the EPS guide, particularly with the company signaling caution around the geopolitical and macro landscapes, and global supply chains.