Morgan Stanley raised the firm’s price target on Delta Air Lines (DAL) to $90 from $88 and keeps an Overweight rating on the shares. Delta’s call and guidance gave the market a bright green light to pile back into the space, the analyst tells investors in a research note. The Street will like the both the direction and the magnitude of the guide upside surprise, and Morgan Stanley says the second half of the year may look “a little more” like what the firm expected heading into the year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- Delta Air Lines: Strong Performance and Strategic Moves Justify Buy Rating and Raised Price Target
- Delta Air Lines price target raised to $66 from $60 at Bernstein
- Delta Air Lines price target raised to $60 from $56 at BofA
- Delta Air Lines price target raised to $65 from $58 at Barclays
- Delta Air Lines Reports Strong June Quarter Results