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Fly News Breaks for September 1, 2015
DAL
Sep 1, 2015 | 06:39 EDT
Deutsche Bank analyst Michael Linenberg upgraded American Airlines (AAL), Delta Air Lines (DAL) and Copa Holdings (CPA) to Buy saying issues surrounding PRASM weakness, unresolved labor contracts and government investigations are more than fully discounted at current share levels. Further, recent declines in energy prices, if sustained, can drive upside to earnings estimates, Linenberg tells investors in a research note. The analyst has a $50 price target for shares of Delta Air Lines.
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