Today we take a look at American Airlines (AAL) and Delta Air Lines (DAL)
Airline stocks are extending their recent gains after the removal of mask mandates on air travel and public transportation, following ruling from federal judge in Florida.
The ruling came as a positive news to the industry, along with falling gas prices, at least today, and positive traveling forecast for the upcoming summer season.
Watch this video to get the technicals and what to expect moving forward.Good trading!
Delta Air Lines (DAL) reported earnings last week
The earning call was met with enthusiasm following CEO positive comments and a strong Q2 guidance, indicative of a rapid recovery in U.S. travel demand.
Delta Air Lines received multiple upgrades including:
- Barclays upgraded to Overweight from Equal Weight and raised price target to $60 from $42
- Morgan Stanley raised price target to $65 from $60
- JPMorgan raised price target to $69 from $57
The JPMorgan analyst, Jamie Baker, also keeps an Overweight rating, telling investors "that must be a misprint" in reference to the surprising Delta's Q2 guidance, "...it far exceeds even our most optimistic top line forecast, and bodes exceptionally well for the sector this earnings season."
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