Delta Air Lines price target lowered to $49 from $55 at TD Cowen

TD Cowen lowered the firm’s price target on Delta Air Lines to $49 from $55 and keeps an Outperform rating on the shares. The firm believes they are well positioned to benefit from increased premium and international travel as they continue to pay down debt to improve the balance sheet. TD Cowen views the weakness in the shares as a buying opportunity.