02:20 PM EDT, 04/10/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target of $55, up $7, is 7.7x our '25 EPS view (down to $7.16 from $7.41; '24's cut to $6.15 from $6.51), below DAL's historical average. We think a discount is merited due to ongoing issues with Boeing (BA 173 **), causing further delays in new aircraft deliveries for DAL (expected deliveries of 20 737 MAX 10 variants in '25, now likely delayed to '27, per DAL). Q1 EPS of $0.45 vs. $0.25, beat consensus by $0.08. Q1 revenues were up 8% Y/Y, driven by its international segment (+12%), while capacity grew 7% Y/Y. DAL reiterated its '24 outlook (EPS in the range of $6-$7/share; FCF in the range of $3B-$4B). The EIA forecasts WTI to average $84/b in '24 vs. $78/b in '23; DAL could see its unit costs rise should energy prices remain elevated, which could present headwinds in achieving its '24 goals, in our view. Nonetheless, DAL's advanced ticket sales were up 44% Y/Y, and we expect to see higher bookings ahead of the Olympic Games and summer travel season, which we think DAL should benefit from.