After reporting a 6.5 percent drop in year-over-year consolidated consumer revenue, the Vetr crowd downgraded its rating for Delta Air Lines, Inc. DAL from 3.5-stars (Buy) to 3-stars (Hold) out of 5 stars.
This downgrade comes against analysts expectations for Delta and airline stocks in general. Analysts with JPMorgan, Credit Suisse and Deutsche Bank all have Buy ratings on the stock. United Continental Holdings Inc UAL also has positive ratings at Deutsche Bank, JPMorgan and Raymond James.
The Vetr crowd also expects Delta’s price target to hit $43.73, far below analysts’ consensus price target of $53.22.
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These expectations also match a 32 percent rally in Delta’s price since its 2016 low, a post-Brexit dip down to $33.36 on June 27.
It should be noted that, in accordance with the current score and price target, 80 percent of the crowd’s ratings are bullish right now.
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