1 min read
Add as a preferred source on GoogleCFRA Upgrades Delta Air Lines to Buy From Hold in Friday Decision
Analyst Alex Fasciano expects the resolution of an outage at Delta’s Trainer refinery to improve crack spread mitigation.
CFRA upgraded Delta Air Lines to Buy from Hold on Friday, Nov. 13, with analyst Alex Fasciano expecting the resolution of an outage at its Trainer refinery to improve crack spread mitigation.
Delta operates the Pennsylvania refinery through subsidiary Monroe Energy. The facility gives the airline its own refining capacity as fuel costs rise.
The airline had previously cut its adjusted earnings forecast as fuel costs rose.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.