5 Best Airline Stocks To Buy Now

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1. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 55

Delta Air Lines, Inc. (NYSE:DAL) is an Atlanta, Georgia-based legacy airliner.

On July 20, Conor Dwyer at Berenberg gave Delta Air Lines, Inc. (NYSE:DAL) stock a Buy rating with a target price of $48.50. The analyst said that he favors US airlines as compared to European airlines due to “more reasonable” valuations. Furthermore, American carriers have higher domestic exposure and provide better visibility regarding consolidation.

Berenberg shared that the enterprise value of Delta Air Lines, Inc. (NYSE:DAL) reached 80% of the levels in 2019 as of July 2022. The revenue is anticipated to cross the 2019 levels in Q3 2022. The analyst also highlighted that the credit card deal with the American Express Company (NYSE:AXP) would help Delta Air Lines, Inc. (NYSE:DAL) avoid volatility in the bottom line in the future.

Lansdowne Partners increased its stake in Delta Air Lines, Inc. (NYSE:DAL) by 19% in Q2 2022.

You can also take a peek at Top 10 Stock Picks of Teresa Barger’s Cartica Management and 10 Hedge Funds That the Economic Recession is Crushing.

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