It’s safe to start buying airline stocks again, according to a Deutsche Bank analyst.
With the stocks having gone from being overbought to the cusp of being oversold in less than a month, we see an emerging opportunity for long-term investors to initiate/add to positions in names that we think are the biggest beneficiaries of consolidation/restructuring
The favored ones are American Airlines
, and Delta
, according to analyst Michael Linenberg.
The comments helped Delta and Southwest shares recover after two days of losses.