Wells Fargo Sticks to Its Buy Rating for Delta Air Lines (DAL)

Wells Fargo analyst Christian Wetherbee maintained a Buy rating on Delta Air Lines today and set a price target of $75.00.

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According to TipRanks, Wetherbee is a 5-star analyst with an average return of 15.4% and a 63.68% success rate. Wetherbee covers the Industrials sector, focusing on stocks such as FedEx, American Airlines, and Delta Air Lines.

In a report released on June 1, Morgan Stanley also assigned a Buy rating to the stock with a $105.00 price target.

Based on Delta Air Lines’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $15.85 billion and a GAAP net loss of $289 million. In comparison, last year the company earned a revenue of $14.04 billion and had a net profit of $240 million

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DAL in relation to earlier this year. Last month, Alain Bellemare, the EVP & Pres. – International of DAL sold 25,000.00 shares for a total of $2,036,000.00.