[ad_1]
Market Movers rounded up the best reactions from investors and analysts on Delta Air Lines . The pros discussed the airline after CEO Ed Bastian told CNBC that he is raising his profit forecast for the second quarter. Bastian is also predicting second-quarter earnings could be the highest ever for the company’s April-June period due to strong demand and premium ticket purchases. Delta is forecasting adjusted earnings per share of $2.25 to $2.50, up from a previous range of $2 to $2.25 a share. Sheila Kahyaoglu of Jefferies said on CNBC Tuesday her firm is raising the stock’s price target to $50. Delta ended the day up nearly 7% at $46.09 a share.
[ad_2]
Source link
