Hudson Securities On DAL Earnings

Hudson Securities has issued a report maintaining their estimates following the 1Q11 results from Delta Air Lines DAL. According to the report, "Consensus remains far too conservative in our view and recent stock performance is a disconnect from the underlying fundamental strength in DAL's business model. Although shares were up 11% on unusually heavy volume following results, they remain 31% off a 52-week high. DAL's EV is trading at a discount to the group despite the carrier's stronger competitive position relative to peers, so valuation remains very attractive." DAL is Buy rated and has a $17 Price Target. DAL closed yesterday at $9.99 a share.