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.
