Delta Air Lines price target raised to $72 from $60 at BofA

BofA raised the firm’s price target on Delta Air Lines (DAL) to $72 from $60 and keeps a Buy rating on the shares. Airline stocks have performed well since last week’s election, with the Dow Jones US Total Market Airlines Index up 12%, and “the outsized move makes sense to us as airline equities have a high beta,” current fundamentals are “encouraging” given decelerating domestic capacity growth and the election results are generally positive for fundamentals and earnings, the analyst tells investors.