Evercore ISI Increases Delta (DAL) PT, Adjusts Airline Coverage Outlook

Delta Air Lines, Inc. (NYSE:DAL) is included among the 10 Fastest Growing Dividend Stocks to Buy Now.

On April 17, Duane Pfennigwerth of Evercore ISI raised the firm’s price recommendation on Delta Air Lines, Inc. (NYSE:DAL) to $85 from $80. It reiterated an Outperform rating on the shares. The firm updated its estimates across airline coverage after Delta’s recent report and ahead of earnings from the rest of the group.

On April 14, Bloomberg reported that Delta Air Lines removed its target to use sustainable aviation fuel for 10% of its jet fuel by 2030 from its sustainability page. The company also changed its language around net-zero emissions by 2050, describing it as an “aspiration” instead of a “goal.” A Delta spokesperson said the slow development of sustainable aviation fuel is holding back the industry’s climate progress, even as the carrier continues to view it as a key path to reducing emissions.

Delta generated about 60 million tons of heat-trapping emissions in 2024. That level is roughly equal to the total emissions footprint of Ireland or Hungary. Airlines, including Delta, have long pointed to sustainable jet fuel, made from sources such as animal fat or used cooking oil, as a primary tool to lower emissions.

Delta Air Lines, Inc. (NYSE:DAL) provides scheduled air transportation for passengers and cargo across the United States and internationally. The company operates through two segments: Airline and Refinery.

READ NEXT: 10 Healthcare Stocks with Highest Dividends and Early Retirement Portfolio: Top 15 Stocks to Buy

Disclosure: None. Follow Insider Monkey on Google News.