Why Delta Stock Soared Today Through the Market's Turbulence
While the S&P 500 index descended into negative territory on Monday, Delta Air Lines (NYSE: DAL) stock kept its nose up and gained altitude. The incumbent carrier's shares rose an even 4% on the day, due in no small part to a price target boost from an analyst.
That analyst was Jefferies' Sheila Kahyaoglu, who now feels Delta is worth $45 per share, up substantially from her previous level of $38. As the new target is nearly 20% higher than the current stock price, Kahyaoglu is maintaining her buy recommendation.
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Source Fool.com
