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Stock analysts at Stifel Nicolaus initiated coverage on shares of Delta Air Lines (NYSE:DAL) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus’ target price suggests a potential upside of 23.27% from the company’s current price.

In other Delta Air Lines news, COO Stephen Gorman sold 111,096 shares of Delta Air Lines stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $32.00, for a total value of $3,555,072.00. Following the sale, the chief operating officer now directly owns 148,788 shares of the company’s stock, valued at approximately $4,761,216. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

DAL has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Delta Air Lines from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 13th. They now have a $33.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Delta Air Lines from $34.00 to $38.00 in a research note on Tuesday, February 4th. They now have an “overweight” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Delta Air Lines in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $33.69.

Delta Air Lines (NYSE:DAL) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.02. The company had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 19th.

Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.

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