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Imperial Capital initiates its coverage on Delta Air Lines
DAL with an Outperform rating and a $19 price target.
Imperial Capital notes, "We are initiating coverage of Delta Air Lines, Inc., with an Outperform rating and 12 month price target of $19 based on approximately 7x our next 12 month (NTM) EPS estimate of $2.83, vs. consensus of $2.39. Cheaper fuel and tight capacity increase our optimism that consensus estimates are too low."
DAL closed at $11.68 on Tuesday.
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