Analysts’ Views on Delta Air Lines after Its Traffic Release

Ally Schmidt - Author

Nov. 20 2020, Updated 4:13 p.m. ET

Analyst upgrades

Delta Air Lines (DAL) has already received four downgrades since its traffic release yesterday. Imperial Capital reduced its target price from $54 to $50, Deutsche Bank has reduced its target price from $62 to $59, Cowen & Co. has reduced its target price from $66 to $60, and UBS has reduced its target price from $70 to $65.

Prior to the announcement, the stock had received several upgrades. Wolfe Research raised its rating to “outperform” on the stock. Barclays initiated coverage with an “overweight” rating and target price of $70, and JPMorgan Chase raised its target price from $66 to $71. However, according to its second-quarter 13F filing, Berkshire Hathaway had reduced its stake in the airline. It cut its share in Delta Air Lines by 3.5% to 53.1 million shares.

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Analyst ratings

At present, seven (41.2%) of the 17 analysts tracking Delta Air Lines stock have given “strong buy” ratings, another nine (52.9%) analysts have “buy” ratings, and one (5.9%) has a “hold” rating on the stock. There were no “sell” ratings.

Target prices

The 12-month consensus target price for Delta Air Lines is $63.30, which is similar to its target price after the company’s 2Q17 results. The highest target price is $75, and the lowest is $52. At the current target price, the stock has a return potential of 38.2%.

Investors can gain exposure to Delta Air Lines by investing in the iShares US Consumer Services ETF (IYC), which invests 1.1% of its holdings in the stock.

We also cover traffic updates from other airlines, including United Continental (UAL), JetBlue Airways (JBLU), and Spirit Airlines (SAVE). For updates, visit Market Realist’s Airlines page.


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