Deutsche Bank Lowers 2011E EPS Estimate For DAL

Deutsche Bank has lowered EPS estimates for Delta Air Lines DAL after the Japan earthquake. According to Deutsche Bank, "We are lowering our March quarter loss per share estimate from $0.40 to $0.50 to incorporate the impact of the Japanese earthquake. As we believe the net impact from the Japanese earthquake could be north of $350 million in 2011, we are lowering our full year 2011 EPS estimate from $1.30 to $1.10 (vs. consensus of $1.78)." DAL has a Buy Rating and a $16 PT. DAL sold for $10.17 at closing yesterday.