Delta Air Lines price target raised to $76 from $65 at Citi

Citi raised the firm’s price target on Delta Air Lines (DAL) to $76 from $65 and keeps a Buy rating on the shares. The firm shifted the stock’s target multiple from 9-times to 10.5-times. The firm says that although Delta and United (UAL) remain its favorite U.S. airline carriers, it elevated American Airlines (AAL) in the rank order.