Citi analyst John Godyn has maintained their bullish stance on DAL stock, giving a Buy rating on March 9.
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John Godyn has given his Buy rating due to a combination of factors tied to Delta’s comparatively resilient earnings profile despite fuel and macro volatility. He argues that much of the recent shock is already reflected in airline valuations, and Delta stands out because its Trainer refinery meaningfully offsets jet fuel costs, limiting the impact of price spikes on profitability.
He also highlights Delta’s industry-leading pre-tax margins, which cushion earnings against adverse shocks, and a profit-sharing structure that helps smooth results through the cycle. In addition, Delta’s sizable trans-Atlantic revenue base should benefit from market-share shifts as certain Middle Eastern hubs face disruptions, a narrative he expects management to emphasize at upcoming investor conferences.
In another report released on March 9, TD Cowen also maintained a Buy rating on the stock with a $71.00 price target.
DAL’s price has also changed slightly for the past six months – from $60.440 to $59.140, which is a -2.15% drop .