Thomas Fitzgerald CFA, an analyst from TD Cowen, maintained the Buy rating on Delta Air Lines. The associated price target was raised to $66.00.
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Thomas Fitzgerald CFA has given his Buy rating due to a combination of factors that highlight Delta Air Lines’ strong position and future potential. The company’s resilience in the first half of the year and its promising outlook for the fall and beyond have been encouraging. Delta’s diverse revenue streams, including its exposure to higher-income consumers and international markets, are helping it navigate challenges in main cabin pricing and off-peak travel demand.
Furthermore, Delta’s management has expressed optimism about consumer demand, with premium products performing well and corporate demand remaining mostly positive. The airline’s strategy to increase premium seat supply and enhance customer loyalty through upgrades and award travel is expected to drive further growth. Additionally, Delta’s use of AI and segmentation strategies is anticipated to provide a pricing advantage in the coming years, while its MRO revenue is set to accelerate, further supporting the Buy rating.
In another report released today, UBS also maintained a Buy rating on the stock with a $72.00 price target.