DAL - Delta Air Lines On Line To Gain Demand Growth Says BofA Analyst | Benzinga
BofA Securities analyst Andrew G. Didora reiterated a Buy rating on the shares of Delta Air Lines Inc (NYSE:DAL) and raised the price target from $53 to $55.
Yesterday, Delta reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion, and the adjusted EPS was $0.45, above the consensus of $0.36.
Both the unit revenue and unit cost outlooks were about 100 basis points better than the analyst modeled, which drove the EPS upside.
The analyst thinks there were more pros than cons ...