Although Delta Air Lines Inc (NYSE:DAL) reported fourth-quarter earnings ahead of consensus, its midpoint guidance came in below expectations, according to Morgan Stanley.
The Delta Air Lines Analyst: Analyst Ravi Shanker maintained an Overweight rating and price target of $90.
The Delta Air Lines Thesis: The company reported its fourth-quarter earnings at $1.55 per share, beating the consensus of $1.53 per share, Shanker said in the note.
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Delta Air Lines’ adjusted operating revenues came in at $14.606 billion, a tad below consensus of $14.682 billion and up …