Delta Airlines: Jefferies' favourite US airline
(CercleFinance.com) - In a report on the main US airlines, Jefferies confirms its "buy" rating on Delta Airlines, its top pick in the sector, despite reducing its target price from 45 dollars to 40 dollars.
"DAL largely stands out in our coverage as best in class as the airline will be a cash generator through 2025E (unlike UAL and LUV) and has a clear path to returning to an investment grade credit rating (unlike AAL),” analysts say.
At the sector level, Jefferies believes Q1 releases will reflect continued strength in the demand environment, although it remains cautious about weaker consumption in H2, with high costs.
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