Goldman Sachs analyst Catherine O’Brien resumed coverage of Delta Air Lines with a Buy rating and $40 price target. While positive on the backdrop for airlines, the analyst says the economic outlook is uncertain. In this environment, she favors stocks with "idiosyncratic earnings drivers, relatively more recovery tailwinds remaining, or characteristics that reduce downside risk." O’Brien is positive on Delta given its exposure to end markets that are still recovering and continued growth of its less cyclical revenue streams.
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Published first on TheFly
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