The prevailing majority of Delta Air Lines (DAL) stocks, about 79%, are controlled by institutional investors, a control that saw rewarding returns as the stock rallied by 4.9%. The airline's stock price target was recently raised to $80 by Evercore ISI due to its solid performance and promising outlook. The airline has also been implementing strategic balance sheet improvements which may potentially lead to share buybacks. Top airline stocks, including DAL, have been predicted to take flight this November.
In addition, analysts have given a consensus recommendation of 'Buy' for Delta Air Lines, with Goldman Sachs resuming coverage with a 'Buy' rating. Delta Air Lines' stock call put ratio suggests greater bullish sentiment among investors. Potential outcomes for Delta Air Lines this year will be significantly influenced by financial results, with the company periodically announcing quarterly results.
Innovative strides are seen through the airline's dedication towards sustainability and its strategic move to partner with Wheels Up. Despite Delta Air Lines' stock experiencing some dips, many analysts still believe in the airline's potential for significant upward trajectory. This is reflected in events like the stock hitting a new 1-year high following an analyst's upgrade.
Delta Air Lines DAL News Analytics from Wed, 10 Apr 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:00:26 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor 4
