NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock could be affected by the Federal Aviation Administration's decision on Tuesday to ban U.S. flights to Tel Aviv for at least 24 hours after a rocket attack near Ben Gurion International Airport.
Delta, American Airlines Group (AAL) and United Continental (UAL) had all announced earlier on Tuesday that they would cancel flights to Israel until further notice after reports of a rocket landing near the airport. A Delta Boeing 747 was flying from New York over the Mediterranean to Tel Aviv on Tuesday but turned around and flew to Paris instead, according to The Wall Street Journal.
Delta stock was up 1.4% to $37.67 at 1:01 p.m.
Separately, TheStreet Ratings team rates DELTA AIR LINES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, solid stock price performance, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: