On September 25, Delta Air Lines rose 3.14% in regular trading, trading at $85.425/share, with turnover of approximately $187 million. The rally was driven by a wave of bullish analyst actions and strong sector-wide momentum.
On the news front, UBS raised its price target on Delta Air Lines to $105 from $99, maintaining a Buy rating. Rothschild & Co Redburn also lifted its target to $105 from $104, keeping a Buy rating. According to FactSet, the consensus analyst rating stands at Buy with a mean price target of $105.76, implying roughly 27% upside from current levels. Notably, Seaport Global Securities adjusted its target to $95 from $108 while retaining its Buy rating, reflecting a more cautious but still constructive stance.
Institutional flows further bolstered sentiment, with Berkshire Hathaway increasing its Delta stake by 44% to 57.3 million shares in the second quarter. Meanwhile, the broader Airlines sector traded firmly higher, with American Airlines up 4.53%, United Airlines up 3.87%, Alaska Air up 3.72%, and Southwest Airlines up 2.45%, underscoring broad-based sector strength. Delta also maintained its quarterly dividend at $0.215 per share, payable November 5.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)