Stifel Suggests Airlines Might Take Off
The analysts explained the EPS boost was in response to Delta's strong May traffic results. They noted that America Airlines has yet to report on May traffic, but anticipate the company to post results similar to Delta's.
"Delta remains our top pick as we believe its network-carrier leading operating margins, a compelling outlook for returning cash to shareholders, and a clear path toward improving its balance sheet make it a leading candidate for multiple expansion over the next 12 – 24 months," wrote the Stifel analysts.
Delta Air Lines: Buy, $50 price target
EPS estimates for 2014 - 2016 have been increased from $2.85, $3.75 and $4.15 to $3.05, $3.75 and $4.50, respectively.
American Airlines: Buy, $50 price target
EPS estimates for 2015 and 2016 have been increased from $6.05 and $7.25 to $6.20 and $7.30, respectively.
Latest Ratings for DAL
|Mar 2017||Evercore ISI Group||Upgrades||In-Line||Outperform|
|Feb 2017||Bernstein||Upgrades||Market Perform||Outperform|
|Dec 2016||Deutsche Bank||Maintains||Buy|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.