Delta on the Street: Where the Analysts Stand after DAL’s November Traffic Release
There have been no changes to Delta Air Lines’ (DAL) analyst ratings after the company’s November traffic release on December 4. However, there were a few upgrades after its 3Q17 earnings, and few analysts upgraded the stock in early November.
Evercore ISI has raised its target price for DAL to $61 from $58. J.P. Morgan has raised its target price to $68 from $63, and Imperial Capital has raised its rating to “outperform” from its previous rating. Cowen and Company has raised its target price to $62 from $58 and has maintained its “outperform” rating.
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All 18 analysts covering the Delta Air Lines stock have issued a “buy” or similar recommendation for the stock. Of these analysts, seven (38.9%) recommend a “strong buy,” and 11 (61.1%) recommend a “buy.”
The 12-month consensus target price for Delta Air Lines stock is $64.2, which is slightly higher than the $63.7 target price the stock had after its 3q17 results. The highest target price is $75, and the lowest is $52. At its current target price, the stock has a return potential of 21.4%.
Investors can gain exposure to Delta Air Lines by investing in the iShares US Consumer Services ETF (IYC), which has 1.0% of its holdings in DAL.