Delta Air Lines (DAL) is trading higher by 0.73% at $69.91 in pre-market, supported by analysts maintaining a Strong Buy rating and an $82 price target based on robust financial outlook.
- Analysts cite strong fundamentals, including expected 2025 deleveraging to $15.3B net debt and record cash flow generation.
- Expectations are building for 2026 dividend hikes and share buybacks as the debt-to-EBITDAR ratio is projected to hit 2.0x.
- The stock is currently trading at 9.4x-9.5x forward P/E, which is considered undervalued compared to industry peers.