Morgan Stanley Highlights Takeaways from Delta Air Lines Investor Day

In a report published Thursday, Morgan Stanley analyst John D. Godyn reiterated an Overweight rating on

. In the report, Morgan Stanley noted, “On Wednesday, DAL hosted investors and analysts at its Investor Day in NYC. We recently reiterated our belief that despite a strong 2013, there is more DAL-specific alpha left to go as we look toward 2014 (see DALpha Déjà Vu 10/3/13). Our experience at the investor day only raised our conviction in our OW. We've described DAL as our top risk-adjusted pick among the legacies – a view we continue to hold. If we had an 11th takeaway from the event it's the depth of the company's mgmt team – it's no surprise to us that DAL has emerged as the best of breed execution story among the large legacy airlines.” Delta Air Lines closed on Wednesday at $27.66.