This Noted Analyst Says Delta Has Positive Trajectory Following Spring Meeting

A mid-day note from Wolfe Research's Hunter Keay might have given Delta Air Lines, Inc. DAL shareholders an intraday boost of confidence Monday. Keay responded following Delta's spring meeting with analysts. "...absent from the discussion was DAL's spoken use of the word 'trajectory' in the context of PRASM turning positive later this year (though it was included in the slides). A small caveat but an important one as it reduces ambiguity around the target." The analyst mentioned a very slightly lowered price target on Delta shares from $63 to $62, but noted the change was amid higher fuel. Keay and Wolfe maintain an Outperform rating on shares of Delta. As the stock closed Monday's session at $43.01, up about 3.4 percent for the day, Keay's price target represents potential upside of about 44 percent.