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Benzinga
Benzinga
Business
Priya Nigam

Why This BofA Securities Analyst Is Cutting Airline Price Targets

The underlying fundamentals in the airline sector remain challenging. Against this backdrop, investors should focus on quality names such as Delta Air Lines, Inc. (NYSE:DAL), rather than those with higher operating and financial leverage like United Airlines Holdings Inc (NASDAQ:UAL) and American Airlines Group Inc (NASDAQ:AAL), according to BofA Securities.

The Airlines Analyst: Andrew Didora reiterated a Buy rating for Delta Air Lines, while reducing the price target from $48 to $47. The analyst maintained an Underperform rating for United Airlines Holdings and American Airlines Group, while lowering their price targets from $42 to $40 and from $10 to $8, respectively.

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