Delta Air Lines received conflicting analyst reports on Tuesday.
Morgan Stanley maintained its Overweight rating on the stock. The firm increased its price target from $105 to $115, suggesting a 25% potential upside. Analyst Ravi Shanker noted the second quarter finished stronger than initial projections.
Raymond James analyst Savanthi Syth downgraded DAL from Strong Buy to Outperform. The firm simultaneously raised its price target to $104 from $80. Syth attributed the downgrade to a recent rally that limits near-term upside, despite solid fundamentals and debt reduction.
Delta shares declined slightly in pre-market trading following the announcements.