UBS initiates new Delta Air shares at reduce rating
By Padraic Cassidy
Last Update: 8:12 AM ET May 7, 2007
NEW YORK (MarketWatch) - UBS analysts on Monday initiated newly issued shares of Delta Air Lines Inc.
<IMG class=pixelTracking height=1 width=1 border=0>DAL20.75, -0.23, -1.1%) at a reduce rating with a $17 price target, saying carrier's profit projection on 2008 was "a bit too rosy." The brokerage recommends against paying a premium for shares of Delta, which emerged from bankruptcy April 30, including buying the shares ahead of any industry consolidation. Delta shares rose 26 cents to $20.98 Friday.
Looks like Airways offer was better.
By Padraic Cassidy
Last Update: 8:12 AM ET May 7, 2007
NEW YORK (MarketWatch) - UBS analysts on Monday initiated newly issued shares of Delta Air Lines Inc.
<IMG class=pixelTracking height=1 width=1 border=0>DAL20.75, -0.23, -1.1%) at a reduce rating with a $17 price target, saying carrier's profit projection on 2008 was "a bit too rosy." The brokerage recommends against paying a premium for shares of Delta, which emerged from bankruptcy April 30, including buying the shares ahead of any industry consolidation. Delta shares rose 26 cents to $20.98 Friday.
Looks like Airways offer was better.