Top Wall Street Forecasters Revamp Delta Air Lines Price Expectations Ahead Of Q1 Earnings

Core Viewpoint - Delta Air Lines is expected to report a decline in quarterly earnings and revenue for the first quarter, reflecting challenges in the airline industry [1][2]. Financial Performance - Delta Air Lines will release its first-quarter financial results on April 9, with analysts predicting earnings of 39 cents per share, down from 45 cents per share in the same period last year [1]. - The projected quarterly revenue is $13.46 billion, compared to $13.75 billion a year earlier [1]. Stock Performance - Delta Air Lines shares fell 3.8% to close at $35.88 on Tuesday [2]. Analyst Ratings - Barclays analyst Brandon Oglenski maintained an Overweight rating but reduced the price target from $80 to $58 [4]. - Susquehanna analyst Christopher Stathoulopoulos kept a Positive rating while slashing the price target from $80 to $50 [4]. - UBS analyst Thomas Wadewitz downgraded the stock from Buy to Neutral and lowered the price target from $77 to $42 [4]. - Raymond James analyst Savanthi Syth maintained a Strong Buy rating but cut the price target from $80 to $62 [4]. - Jefferies analyst Sheila Kahyaoglu downgraded the stock from Buy to Hold and decreased the price target from $85 to $46 [4].