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Stock impact report

Jefferies Lowers PT on Delta Air Lines (DAL) Stock [Yahoo! Finance]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Yahoo! Finance
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. Jefferies Lowers PT on Delta Air Lines (DAL) Stock 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 l Show less Read more
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