Wells Fargo initiated coverage of Delta Air Lines (DAL) with an Overweight rating and $87 price target The firm believes improving market dynamics and the company’s better through-cycle earnings power driven by its premium and loyalty are catalysts for a re-rating of the shares. Delta is positioned well into 2026 to improve on its “industry-leading” margins as main cabin capacity rationalizes and the company leans into premium up-scaling, the analyst tells investors in a research note.
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