RW Baird and Jefferies analysts set target prices for Wheels Up at $12 and $13 per share
Two more Wall Street analysts have issued opening perspectives on Wheels Up Experience. The private aviation company began trading on the New York Stock Exchange under the symbol UP earlier this month. Both analysts are markedly less bullish than Barrington Research’s Gary Prestopino. He set a price target of $19 to $21 for his 24-month outlook.
The value of Delta Air Lines’ stake in Wheels Up increased to $520 million from $210 million, surpassing its 13% holding in Korean Air
Delta Air Lines’ decision to sell Delta Private Jets has yielded a huge gain on paper. It’s up over 100% just since the fourth quarter. In its latest 10-Q filing, the Atlanta-based airline increased the carrying value of its 24% interest in Wheels Up to $520 million. That makes the New York-based private aviation company its largest equity ownership stake.