Delta Air Lines price target raised to $60 from $50 at Jefferies

Jefferies raised the firm’s price target on Delta Air Lines to $60 from $50 and keeps a Buy rating on the shares. Q2 results from the airlines will point to the continued demand strength with firm pricing given continued capacity constraints, the analyst tells investors in an earnings preview note. Delta remains the firm’s top-pick in the group given de-risking of Q2 at the investor day and what it sees as the long-term sustainability of free cash flow through diversified streams.