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Fly News Breaks for July 6, 2016
DAL
Jul 6, 2016 | 08:26 EDT
Cowen analyst Helane Becker lowered her price target for Delta Air Lines to $55 from $60 and reduced her Q2 EPS estimate to reflect the company's updated guidance and June traffic. Delta's consolidated passenger unit revenue, or PRASM in the quarter was slightly below expectations, but was offset by better non-fuel unit costs, the analyst tells investors in a research note. Becker expects Delta's outlook to continue to be pressured by lower close-in yields. She reiterates an Outperform rating on the shares.
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