Argus keeps a Buy rating and $43 price target on Delta Air Lines after its Q4 earnings beat last week. Demand for leisure travel should remain strong in 2024, and the firm also expects continued recovery in international traffic, helped by the elimination of most travel restrictions in Western Europe, the analyst tells investors in a research note. Shares of Delta Air Lines are also “attractively valued” at 5.2-times the firm’s revised 2024 EPS estimate, Argus added.
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