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DAL

Delta Air Lines

$49.42

-0.3 (-0.60%)

10:23
07/12/18
07/12
10:23
07/12/18
10:23

Delta Air Lines expects to return to margin expansion by year-end

CEO Ed Bastian says seen early success in addressing the fuel cost increase. Says expects fuel expenses to increase about $2B for the rest of the year. Says expects to return to margin expansion by year-end. Says seeing "outstanding" results in growing top-line. Says continuing to invest in international franchise. Says while higher fuel prices are pressuring near-term results, company remains on track to deliver a strong year. Says looking towards 2019, company is confident in ability to derive long-term value for owners. President Glen Haustein says confident will capture most recent leg of the fuel run-up in 2H18. Says forward bookings in the Caribbean remain a "bright spot". Says committed to continuing to improve products and footprint. Sees segmentation initiatives as one of the company's largest commercial opportunities. CFO Paul Jacobson says year-over-year increases in fuel should moderate to about 20% in the December quarter. Says 2H18 is expected to be "an inflection point" in CASM. Says One Delta team has made good progress. Says on pace to complete current share repurchase authorization in 2020. Comments taken from Q2 earnings conference call.

  • 12

    Jul

DAL Delta Air Lines
$49.42

-0.3 (-0.60%)

06/07/18
SBSH
06/07/18
NO CHANGE
Target $65
SBSH
Buy
Delta Air Lines price target lowered to $65 from $70 at Citi
Citi analyst Kevin Crissey lowered his price target for Delta Air Lines (DAL) to $65 after management revised yesterday the company's Q2 guidance. Unit revenue is now expected at the higher end of the previous range, but predictably, fuel prices will also be higher, Crissey tells investors in a research note. "Somewhat disappointingly," Q2 non-fuel unit costs were guided upward but full-year 2018 CASM ex guidance was held at 0%-2%, the analyst adds. He remains a buyer of Delta shares but sees more upside in United Continental (UAL).
07/02/18
DBAB
07/02/18
DOWNGRADE
Target $53
DBAB
Hold
Delta Air Lines downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Michael Linenberg downgraded Delta Air Lines to Hold and lowered his price target for the shares to $53 from $64.
07/03/18
DBAB
07/03/18
NO CHANGE
DBAB
Deutsche downgrades three airlines on 'headline risk' from trade dispute
Deutsche Bank analyst Michael Linenberg downgraded his ratings on American Airlines Group (AAL), Delta Air Lines (DAL) and United Continental (UAL) to Hold from Buy. The analyst cut his price target for American to $43 from $60, for Delta to $53 from $64 and for United to $74 from $81. In a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market, Linenberg tells investors in a research note. The possibility that the current trade dispute between the U.S. and its global partners could become something bigger is problematic for the airline industry's sales growth, the analyst adds. Further, Linenberg argues, the growing trade dispute may cause U.S. companies to reconsider their spending and employment plans, which would adversely impact corporate travel. As a result, the analyst sees "headline risk" and a lack of near-term catalysts for the airline stocks. He keeps Buy ratings on Alaska Air (ALK), Allegiant Travel (ALGT), JetBlue Airways (JBLU), Southwest Airlines (LUV), Spirit Airlines (SAVE) and SkyWest (SKYW).
07/03/18
07/03/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. United Continental (UAL), American Airlines (AAL), and Delta Airlines (DAL) downgraded to Hold from Buy at Deutsche Bank with analyst Michael Linenberg saying in a world of "heightened" macroeconomic and geopolitical risks, economically-sensitive, high beta stocks such as airlines typically underperform the broader market. 2. Belmond (BEL) downgraded to Underweight from Overweight at Barclays with analyst Felicia Hendrix citing an analysis of the company's progress on its growth targets announced back in June 2016. 3. PSEG (PEG) downgraded to Hold from Buy at Deutsche Bank with analyst Jonathan Arnold saying The Federal Energy Regulatory Commission order raised new questions over New Jersey zero-emission credits. 4. PepsiCo (PEP) downgraded to Hold from Buy at Deutsche Bank with analyst Stephen Powers viewing the current valuation as a "bit bubbly." 5. Watsco (WSO), Fastenal (FAST), and Grainger (GWW) downgraded to Neutral from Outperform at Baird with analyst David Manthey saying he thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CL

Colgate-Palmolive

$64.81

-0.76 (-1.16%)

16:20
07/18/18
07/18
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16:20
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  • 27

    Jul

EBAY

eBay

$37.95

0.13 (0.34%)

16:20
07/18/18
07/18
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  • 18

    Jul

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/18/18
07/18
16:20
07/18/18
16:20
Options
Closing CBOE SPX and VIX Index summary for July 18th »

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CE

Celanese

$111.01

0.79 (0.72%)

16:20
07/18/18
07/18
16:20
07/18/18
16:20
Hot Stocks
Celanese to sell ethanol production unit to Chengzhi, terms not disclosed »

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  • 20

    Jul

EBAY

eBay

$37.95

0.13 (0.34%)

16:19
07/18/18
07/18
16:19
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16:19
Hot Stocks
eBay reports Q2 active buyers by 4% »

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  • 18

    Jul

BLKB

Blackbaud

$116.02

1.09 (0.95%)

16:19
07/18/18
07/18
16:19
07/18/18
16:19
Initiation
Blackbaud initiated  »

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  • 18

    Jul

  • 31

    Jul

BMI

Badger Meter

$46.95

1.2 (2.62%)

16:19
07/18/18
07/18
16:19
07/18/18
16:19
Hot Stocks
Badger Meter president says he remains optimistic about remainder of 2018 »

Kenneth C. Bockhorst…

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  • 19

    Jul

CYH

Community Health

$2.76

(0.00%)

16:18
07/18/18
07/18
16:18
07/18/18
16:18
Hot Stocks
Community Health to sell Sparkshealth System to Baptist Health »

Community Health Systems,…

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  • 27

    Jul

  • 22

    Aug

EBAY

eBay

$37.95

0.13 (0.34%)

16:18
07/18/18
07/18
16:18
07/18/18
16:18
Earnings
eBay raises FY18 EPS view to $2.28-$2.32, consensus $2.27 »

Lowers FY18 revenue to…

03/08/13
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03/08/13
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  • 18

    Jul

FNLC

The First Bancorp

$29.48

0.36 (1.24%)

16:18
07/18/18
07/18
16:18
07/18/18
16:18
Earnings
The First Bancorp reports Q2 EPS 53c vs. 45c last year »

Total assets at June 30,…

03/08/13
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03/08/13
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URI

United Rentals

$155.14

2.94 (1.93%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Earnings
United Rental raises FY18 revenue view to $7.5B-$7.7B from $7.3B-$7.6B »

Consensus $7.62B. Raises…

03/08/13
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  • 19

    Jul

HF

HFF Inc.

$35.01

0.39 (1.13%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Hot Stocks
HFF Inc. announces sale of Burnham Pointe in Chicago, terms not stated »

Holliday Fenoglio Fowler,…

03/08/13
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03/06/13
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  • 26

    Jul

LIND

Lindblad Expeditions

$13.61

-0.02 (-0.15%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Hot Stocks
Lindblad Expeditions plans to build new polar expedition ship »

Lindblad Expeditions…

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03/08/13
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HRZN

Horizon Technology

$10.40

-0.01 (-0.10%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Hot Stocks
Horizon Technology leads $10M loan facility for MacuLogix »

Horizon Technology has…

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  • 01

    Aug

CCJ

Cameco

$10.87

-0.065 (-0.59%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Hot Stocks
Cameco says 'too early' to speculate on impact from 232 probe into uranium »

Cameco responded to the…

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PAYC

Paycom

$111.15

0.45 (0.41%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Initiation
Paycom initiated  »

Paycom initiated with a…

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  • 31

    Jul

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Technical Analysis
NASDAQ market internals summary »

Volume was average for…

03/08/13
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EBAY

eBay

$37.95

0.13 (0.34%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Earnings
eBay sees Q3 EPS 54c-56c, consensus 56c »

Sees Q3 revenue…

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  • 18

    Jul

BMI

Badger Meter

$46.95

1.2 (2.62%)

16:17
07/18/18
07/18
16:17
07/18/18
16:17
Hot Stocks
Badger Meter reports Q2 gross margin 36.5% vs. 39.4% last year »

Gross profit margin was…

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  • 19

    Jul

URI

United Rentals

$155.14

2.94 (1.93%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Earnings
United Rental reports Q2 adjusted EPS $3.85, consensus $3.44 »

Reports Q2 revenue…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 19

    Jul

HBAN

Huntington Bancshares

$15.05

0.13 (0.87%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Hot Stocks
Huntington Bancshares raises quarterly dividend 27% to 14c from 11c per share »

The common stock cash…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Jul

CREE

Cree

$46.92

0.58 (1.25%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Initiation
Cree initiated  »

Cree initiated with a…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 14

    Aug

EBAY

eBay

$37.95

0.13 (0.34%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Earnings
eBay reports Q2 EPS 53c, consensus 51c »

Reports Q2 revenue…

03/08/13
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03/08/13
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03/06/13
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  • 18

    Jul

$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Technical Analysis
NYSE market internals summary »

Volume was below average…

03/08/13
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03/08/13
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03/06/13
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BMI

Badger Meter

$46.95

1.2 (2.62%)

16:16
07/18/18
07/18
16:16
07/18/18
16:16
Earnings
Badger Meter reports Q2 adjusted EPS 42c, consensus 39c »

Reports Q2 revenue…

03/08/13
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  • 19

    Jul

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