Deutsche Bank Raises PT on Delta Air Lines (DAL) Stock

Delta Air Lines, Inc. (NYSE:DAL) is one of the Best Blue Chip Stocks Under $100 to Buy Now. On May 29, Deutsche Bank lifted its price objective on the company’s stock to $90 from $80 and maintained a “Buy” rating on the shares. As per the firm, the airlines capable of making positive ROIC in excess of the weighted average cost of capital tend to be well-placed to pay their debt and return capital to their shareholders.

Furthermore, the analyst added that such airlines remain in a much better shape to tackle the industry downturn, whether it’s economical or due to geopolitical concerns. The firm added that only some of the US airlines can demonstrate the durability and resiliency of earnings and FCF in the environment that has been impacted by geopolitical concerns. The firm adjusted its price objectives in the broader airlines group, which was part of the value creation primer.

Delta Air Lines, Inc. (NYSE:DAL) is engaged in offering scheduled air transportation for passengers and cargo.

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