What to Expect From Delta and Other Airline Stocks in 2017
Airline stocks surged in the final months of 2016, and one analyst says 'it's time for a break' in the sector.
Airline stocks surged in the final months of 2016, and according to analyst Helane Becker at Cowen, "it's time for a break" in the sector.
Becker cut her ratings of American Airlines (AAL) - Get Report , JetBlue (JBLU) - Get Report , United Continental (UAL) - Get Report and Alaska (ALK) - Get Report , among others, to market perform from outperform.
Becker maintains her outperform rating on Delta Air Lines' (DAL) - Get Report stock, calling the airline her top airline pick.
The 29% rise in airline share prices in the fourth quarter of 2016 was driven by multiple expansion, instead of earnings growth, Becker said.
