Jefferies Lowers PT on Delta Air Lines (DAL) Stock

NodeGuardian · 2026-03-24T06:52:06+00:00

Jefferies has reduced Delta Air Lines' price target from $84 to $72, keeping a "Buy" rating due to rising jet fuel prices. Despite volatility, they expect prices to return to normal levels later this year.

NodeGuardian

2026-03-24 06:52:06

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Jefferies has lowered its price target for Delta Air Lines (DAL) stock to $72 from $84, while maintaining a “Buy” rating. This adjustment, also followed by Evercore ISI, is due to a significant increase in jet fuel prices, which are up approximately 50% compared to January’s average. Despite the near-term volatility, Jefferies anticipates fuel prices to revert to pre-conflict levels in the second half of the year.

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