Delta Air (DAL) Stock Falls After Terror Attack in Nice

Delta Air (DAL) stock is dropping on Friday morning alongside other airline and travel stocks following a terror attack in Nice, France.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL) - Get Report are retreating 2.05% to $40.14 late Friday morning alongside other airline and travel stocks after a terror attack in Nice, France.

Late Thursday, a truck driver plowed through a Bastille Day celebration at the Promenade des Anglais, killing 84 people.

Travel and airline stocks are often pressured in the wake of terror attacks due to concerns people will stop making travel plans.

"Of course, everything today in Europe will be of secondary importance to last night's terror incident in Nice. And the related economic concerns are of lesser relevance to the human costs," Daiwa Capital Markets wrote in a note this morning cited by MarketWatch.

Yesterday, Atlanta-based Delta reported better-than-expected earnings for the 2016 second quarter.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DAL

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