Delta Air Lines
Airline stocks have stalled a bit in 2017 as oil prices firmed, but oil has not risen as much as some insiders expected. Delta Airlines (DAL) took a hit in July following a disappointing second-quarter earnings report, but sales were in-line with the consensus and traders have come back into the stock, which has trended higher over the last month. The stock is currently trading at $51.95, and analysts have set an average price target of $62.79, which suggests the stock is undervalued by as much as 20.8%. If oil prices do run up through the winter months there is a risk that the stock will fail to move higher, but as long as oil prices remain somewhat range-bound the stock has the potential to move significantly higher to close out the year.
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