Deutsche Bank analyst Michael Linenberg has launched a 'short-term catalyst call buy' on Delta Air Lines Inc.'s stock undefined Friday, saying he believes...
Deutsche Bank analyst Michael Linenberg has launched a"short-term catalyst call buy" on Delta Air Lines Inc.'s stock DAL, +1.02% Friday, saying he believes the underperformance so far this year will flip to outperformance in the coming months. The stock has edged up 5.9% year to date through Thursday, while the NYSE Arca Airline Index XAL, +0.81% has climbed 16.9% and the S&P 500 SPX, -0.02% has advanced 18.5%.
Linenberg said this underperformance has come despite Delta being one of the most leveraged to corporate and long-haul international travel, which he believes will start seeing better demand.
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