Rodman & Renshaw Raise PT to $14 on Delta Air Lines
A report from Rodman & Renshaw reiterates its Outperform rating and raises its price target from $13 to $14 on Delta Air Lines (NYSE: DAL).
The report states, “Corp demand is coming in stronger vs our expectation which when combined with capacity cuts of 4-5% in 4Q are driving better revenues; margin guidance of 5-7% betters our model, hence our upward estimate revision."
DAL closed yesterday at $8.44.
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