Citi Lifts Delta Air Lines (DAL) Target Ahead of Expected Strong Airline Earning

Delta Air Lines, Inc. (NYSE:DAL) will trade ex-dividend on July 9, putting it among the 10 Best July Dividend Stocks to Buy.

On June 26, Citi raised its price recommendation on Delta Air Lines, Inc. (NYSE:DAL) to $106 from $79. It reiterated a Buy rating on the stock as part of its Q2 earnings preview for the airline sector. The firm expects nearly every airline to beat second-quarter estimates and issue third-quarter guidance above consensus expectations. Even so, the analyst said much of that optimism already appears to be reflected in recent share price gains.

On June 25, Barclays also raised its price goal on DAL to $105 from $85. It kept an Overweight rating. The firm updated its airline price targets as part of its Q2 earnings preview. Analyst Brandon Oglenski said airlines are likely to guide third-quarter unit revenues higher, which could support a stronger margin outlook in 2027, especially if energy prices continue to trend lower. Barclays sees the strongest outlooks and the greatest potential share upside this quarter for United Airlines and Southwest. The firm also said Middle East peace has "revived interest" in US airline stocks as "robust" travel demand continues a

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/citi-lifts-delta-air-lines-201501274.html)