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Jefferies Lowers PT on Delta Air Lines (DAL) Stock
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Delta Air Lines, Inc. (NYSE:DAL) is one of the Most Undervalued Stocks to Buy According to Analysts. On March 12, Jefferies reduced its price objective on the company’s stock to $72 from $84, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, the jet fuel prices are up ~50% compared to the January average when the company initiated its guidance, and the airline estimates have been updated. On average, the firm increased its Q1 estimates of fuel cost by ~14% and Q2 by ~30%. That being said, considering the volatility, the firm expects that H2 fuel prices will revert to the pre-conflict levels. In a separate release, Evercore ISI analyst Duane Pfennigwerth reduced its price objective on Delta Air Lines, Inc. (NYSE:DAL)’s stock to $80 from $85, while keeping an “Outperform” rating. Notably, the firm has been adjusting its estimates for the broader airlines in its coverage as a result of increased assumed fuel costs, offset marginally by the improved revenue. Delta Air Lines, Inc. (NYSE:DAL) is one of the largest airlines in the United States and is headquartered in Atlanta, Georgia. Founded in 1925, the airline operates a global network of flights and maintains nine major hub airports across its route system. While we acknowledge the potential of DAL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts. Disclosure: None. Follow Insider Monkey on Google News.