Why Delta Air Lines (DAL) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Delta Air Lines  (DAL) closed down 0.41% to $36.51 on Friday after Wolfe Research downgraded the stock to "peer perform" from "outperform."

Federal authorities allegedly caught one Delta employee and four JetBlue  (JBLU) employees smuggling $417,000 in cash, which authorities said came from illegal drug sales, at Logan Airport in Boston. Federal prosecutors claim the employees used their security clearances to smuggle the cash past Transportation Security Administration checkpoints from public bathrooms near the baggage claim, passenger pick-up and drop-off areas, among other locations.

More than 15 million Delta shares changed hands Friday, compared to the average volume of 11,599,400.

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Separately, TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate DELTA AIR LINES INC (DAL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."

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