Credit Suisse Keeps Their Buy Rating on Delta Airlines (DAL)


In a report released yesterday, Jose Caiado from Credit Suisse maintained a Buy rating on Delta Airlines (DAL), with a price target of $71. The company’s shares closed yesterday at $52.39.

According to TipRanks.com, Caiado is a 2-star analyst with an average return of -2.3% and a 20.0% success rate. Caiado covers the Services sector, focusing on stocks such as Southwest Airlines, American Airlines, and JetBlue Airways.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Delta Airlines with a $70.90 average price target, implying a 35.3% upside from current levels. In a report issued on December 4, Imperial Capital also maintained a Buy rating on the stock with a $83 price target.

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Based on Delta Airlines’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.95 billion and net profit of $1.31 billion. In comparison, last year the company earned revenue of $11.06 billion and had a net profit of $1.18 billion.

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Delta Air Lines, Inc. engages in the provision of scheduled air transportation for passengers and cargo. It operates through the folllowing segments: Airline, Refinery, and Intersegment Sales and Other. The Airline segment provides scheduled air transportation for passengers and cargo. The Refinery segment consists of jet fuel and non-jet fuel products.

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