{"id":12905,"date":"2024-04-01T16:31:08","date_gmt":"2024-04-01T11:01:08","guid":{"rendered":"https:\/\/bigbreakingwire.in\/delta-air-lines-morgan-stanley-raises-price-targets-sees-potential-for-stock-to-reach-110\/"},"modified":"2024-04-01T16:31:08","modified_gmt":"2024-04-01T11:01:08","slug":"delta-air-lines-morgan-stanley-raises-price-targets-sees-potential-for-stock-to-reach-110","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/delta-air-lines-morgan-stanley-raises-price-targets-sees-potential-for-stock-to-reach-110\/","title":{"rendered":"Delta Air Lines: Morgan Stanley Raises Price Targets, Sees Potential for Stock to Reach $110"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Morgan Stanley has increased its price target for Delta Air Lines from $77 to $85 and suggests that the stock could potentially reach around $110, compared to its current price of approximately $47. <br><br>The analyst highlights Delta&#8217;s focus on premium services, projecting that this strategy will enable the airline not only to surpass the increasing demand in the industry but also to garner investor favor, drawing a parallel to Abercrombie &amp; Fitch&#8217;s successful transition to a more premium and relevant specialty retailer.<br><br>Additionally, Morgan Stanley has raised its &#8220;BULL CASE&#8221; price target to $110 from $90, expressing confidence in Delta&#8217;s resilience and improved business performance post-pandemic. <br><br>The firm believes that Delta and the airline industry overall have emerged from the pandemic in a stronger position, benefiting from both structural changes in the industry and internal business adjustments. <br><br>Despite Delta&#8217;s revenue exceeding pre-pandemic levels and its earnings before interest and taxes (EBIT) essentially returning to pre-pandemic levels, the stock is still trading below its peak price-to-earnings (P\/E) ratio of approximately 12x from 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley has increased its price target for Delta Air Lines from $77 to $85 and suggests that the stock could potentially reach around $110,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616],"tags":[2886,2887,2883,1037,2889,77,2891,2890,2888,1631,2884,1240,2885],"class_list":["post-12905","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","tag-2886","tag-analyst-comments","tag-delta-air-lines","tag-earnings","tag-industry-changes","tag-morgan-stanley","tag-p-e-ratio","tag-post-pandemic","tag-premium-services","tag-price-target","tag-raise","tag-revenue","tag-stock","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3m9","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=12905"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/12905\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=12905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=12905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=12905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}