Delta Air Lines (DAL) Price Target Hiked at Bernstein, SocGen on Solid Q2 and Guidance

Delta Air Lines Inc. (NYSE:DAL) is one of the best airline stocks to buy according to hedge funds. On July 11, Bernstein SocGen Group reiterated an ‘Outperform’ rating on the stock and hiked its price target to $66 from $60.

The price hike comes on the heels of the airline delivering better-than-expected second-quarter results, with adjusted earnings per share coming in at $2.10, 2% above the consensus estimate. The company’s 12-month trailing revenue reached highs of $61.92 billion. The airline also affirmed its fiscal 2025 guidance as booking trends stabilize.

Delta Airline is also benefiting from premium demand remaining up 5%, compared to main cabin bookings. Its strategic partnership with American Express also continues to strengthen remuneration, which is up 8% and expected to reach highs of $8 billion. Bernstein SocGen expects industry-wide capacity discipline to support a robust year-end.

Delta Air Lines Inc. (NYSE:DAL) is a major airline company that provides scheduled air transportation for passengers and cargo. It operates an extensive network of routes, including domestic and international flights. It also offers services such as flight booking, baggage handling, and in-flight entertainment.

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Disclosure: None. This article is originally published at Insider Monkey.