JP Morgan Resumes Delta Air Lines at Overweight

JP Morgan has published a research report on Delta Air Lines DAL and has resumed coverage on the company with an Overweight rating and $19 price target. In the report, JP Morgan writes, "We resume coverage of Delta Air Lines following a period of restriction with an Overweight rating and a December 2012 price target of $19 (previously an Overweight rating and December 2012 $17 price target). 2Q guidance was largely as expected, though sharply lower fuel prices once again necessitate a significant positive revision to 2H estimates." Delta Air Lines is currently trading up 3.61% from yesterday's $10.52 closing price.