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 story : Delta Airlines stock is a 'catalyst call buy' at Deutsche Bank, as recent underperformance should flip to outperformance #FinanceUSA #StockMarketNEWS Deutsche Bank analyst Michael Linenberg has launched

@stockMarketNEWS 28 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Delta Airlines stock is a 'catalyst call buy' at Deutsche Bank, as recent underperformance should flip to outperformance #FinanceUSA #StockMarketNEWS
Deutsche Bank analyst Michael Linenberg has launched a "short-term catalyst call buy" on Delta Air Lines Inc.'s stock Friday, saying he believes the underperformance so far this year will flip to outperformance in the coming months. The stock has edged up 5.9% year to date through Thursday, while the NYSE Arca Airline Index has climbed 16.9% and the S&P 500 has advanced 18.5%. Linenberg said this underperformance has come despite Delta being one of the most leveraged to corporate and long-haul international travel, which he believes will start seeing better demand. And with the last few months of the year being good time to own the airline sector -- the airline seasonal trade has worked in 16 out of the past 20 years -- Linenberg believes "Delta will be a favored name among 'new money' investors given that it is viewed as one of the highest quality names in the sector." The stock was down 0.8% in premarket trading.


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