Bullish Sentiment Pre-Earnings Indicates Potential Upside for Delta Air Lines

Investors show bullish sentiment towards Delta Air Lines (DAL) ahead of earnings release, reflected in heavy trading of out-of-the-money call options. Analysts predict lower Q2 revenue and margins compared to last year, but stock may be undervalued based on historical P/E multiples. Analysts’ target prices suggest potential upside, making DAL stock look cheap.

Read more at Yahoo Finance: Delta Air Lines Shows Unusual Call Options Ahead of Earnings