Stifel Suggests Airlines Might Takeoff

Loading...
Loading...
In Monday's morning summary the analysts at Stifel boosted their EPS and price target estimates for both Delta Air Lines Inc.
DAL
and American Airlines Group Inc.
AAL
. 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.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetAnalyst RatingsStifel Nicolaus
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...