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Is Delta Airlines Stock A Buy Despite Global Travel Restrictions?

Benzinga2021-07-16

The return of business travel and expected improvements in company fundamentals have turned Raymond James analysts bullish onDelta, Inc.(NYSE:DAL).

The Delta Analyst:Savanthi Syth upgraded Delta from Market Perform to Strong Buy and set a $58 price target.

The Delta Takeaways:Demand for corporate business travel has recovered to 40% of June 2019’s levels and is expected to rise to 60% in September and as high as 80% by the end of the fourth quarter, Syth said in a Thursday note.

Leisure travel is still lagging, yet Delta CEO Ed Bastian noted in an interview with Yahoo Finance the company has “more demand than [it] can serve,” the analyst said.

To address this, Bastian said the company is hiring 1,000 pilots. Furthermore, Delta is expanding its fleet through 2023, said Syth.

Looking forward, “Delta’s balanced capital deployment strategy” and ability “to grow a higher margin business” should sustain its “relative operational and financial leadership vs. legacy peers,” said the analyst.

DAL Price Action: Delta shares gained 1.65% Thursday, closing at $41.35.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论24

  • TripleWin
    ·2021-07-16
    Good potential
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    • TripleWin
      Yes, buy
      2021-07-16
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  • GANCL
    ·2021-07-16
    For long term investment 
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  • Charmander
    ·2021-07-16
    Give me a like? 🤣
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  • Ravivarman
    ·2021-07-16
    👍🏾
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  • Yezzy
    ·2021-07-16
    [Smile] 
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  • Wastefood
    ·2021-07-16
    Yes
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    • pinkishmin
      good pls like back
      2021-07-16
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    • Charmander
      +1
      2021-07-16
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  • DarwinNg
    ·2021-07-16
    Thanks
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    • JooL
      [Miser]
      2021-07-16
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  • wenns
    ·2021-07-16
    [微笑] 
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  • Ahsiang
    ·2021-07-16
    Pwr 
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  • Shishir
    ·2021-07-16
    Hope delta can make business. 
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  • CorrineNaNa
    ·2021-07-16
    Good
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  • loveena
    ·2021-07-16
    No
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  • Bossiwei
    ·2021-07-16
    Ok
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  • Kwgan
    ·2021-07-16
    Ok
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    • Bossiwei
      Ok
      2021-07-16
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    • kwk
      ok
      2021-07-16
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  • Wei L
    ·2021-07-16
    I believe it’s a good buy during the dip and the share price is going to skyrocket when the travel restrictions are lifted
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    • Kwgan
      Ok
      2021-07-16
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    • yiyoyoyi
      k
      2021-07-16
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  • SYL_19
    ·2021-07-16
    [财迷] 
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  • yeelyn18
    ·2021-07-16
    Coolll
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    • SYL_19
      [财迷]
      2021-07-16
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    • Yyk93
      Ok
      2021-07-16
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  • bbarbanida
    ·2021-07-16
    Same sentiment. I believe airline stocks will skyrocket when travel restrictions are lifted. 
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    • ch_r_is
      U got that right!
      2021-07-16
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  • Swifty
    ·2021-07-16
    Hmm
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    • Adollar
      It will raise, travel will pick up
      2021-07-16
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  • Gooooooooood
    ·2021-07-16
    Good
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    • CaptainMiya
      [Strong][Strong]
      2021-07-16
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