Zacks Investment Research upgraded shares of Delta Air Lines (DAL) from NEUTRAL to OUTPERFORM on December 10, 2013, with a target price of $35.00.
We are upgrading our recommendation on Delta Air Lines from Neutral to Outperform. Rating agency Moody's Investors Service has recently upgraded Delta's outlook from stable to positive owing to improvements of operating margin and credit metrics in 2013 and expects the same in 2014. We expect Delta to perform impressively on various strategic measures such as route launches, introduction of ancillary products, strong customer service and revamping of fleet structure. Further, the acquisition of Virgin Atlantic will strengthen Delta's trans-Atlantic operations. In addition, management's balanced capital deployment plan is expected to enhance shareholder value going forward.
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