Dahlman Rose Reiterates DAL Buy Rating And $16 PT

Delta Air Lines Inc. DAL reported December traffic that was negatively impacted by a blizzard late in the year, Dahlman Rose reports. “As a result, we lowered our 4Q10 EPS estimate,” Dahlman Rose writes. “However, given the size of the storm was unusual, our 2011 estimate remains unchanged. We reiterate our Buy rating and $16 price target.” Delta Air Lines Inc. closed Wednesday at $12.98.