Wells Fargo lowered the firm’s price target on Delta Air Lines (DAL) to $75 from $87 and keeps an Overweight rating on the shares. The firm has highlighted fuel risk over the last few weeks and with about two weeks remaining in Q1, Wells is lowering estimates. Strong demand is an offset, but the firm expects guidance cuts. However, big picture trends keep premium airlines attractive beyond fuel headwinds, argues Wells.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAL:
- Breaking News: Dubai Airport Stops All Flights as Drone Attack Hits Airline Stocks
- Airline CEOs Push Congress to End Shutdown as AAL, UAL, DAL Stocks in Focus
- Delta Air Lines price target lowered to $80 from $85 at Evercore ISI
- Delta Air Lines price target lowered to $72 from $84 at Jefferies
- Delta Air Lines: Buy Rating Backed by Resilient Earnings, Refinery Edge, and Trans-Atlantic Upside