Analysts: Delta Seems to Show Financial Improvement and 3 Other Research Notes to Peruse

Delta Air Lines (NYSE:DAL): Barclays believes Overweight-rated Delta  shares deserve a re-rating due to ongoing financial improvement, free cash flow generation, capital discipline, and SPX index inclusion. The analyst prefers Delta over United Continental (NYSE:UAL) due to increased concerns regarding the timing and magnitude of United’s improvement. The firm raised Delta earnings estimates and price target to $33 from $25.

DAL 20131004

Alliance Data Systems (NYSE:ADS): BMO Capital upgraded Alliance Data to Outperform from Market Perform. The firm thinks that the company has several upcoming potential positive catalysts including a possible expansion of its partnership with eBay’s PayPal, expansion into Europe, and greater leverage to the auto sector. The shares’ price target has been raised to $240 from $195.

ADS 20131004

Chicago Bridge & Iron (NYSE:CBI): Lazard Capital raised its price target for Chicago Bridge & Iron shares to $85 from $75, citing improving energy infrastructure markets and higher conviction in its above-consensus 2014 earnings estimate. The firm keeps a Buy rating on the stock.

CBI 20131004

OpenTable (NASDAQ:OPEN): Piper Jaffray upgraded OpenTable to Overweight from Neutral on expectations that the company’s increased spending on mobile advertising and recent senior level marketing hires will help drive an acceleration in adoption during 2014-2015. Piper raised its price target for the shares to $80 from $65.

OPEN 20131004

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