Delta Air Lines price target raised to $80 from $60 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Delta Air Lines (DAL) to $80 from $60 and keeps a Buy rating on the shares following the investor day. The company’s new three-to-five year targets “represent significant value creation and path to a fortress balance sheet,” the analyst tells investors in a research note. The firm says the Delta 2025 – 2029 financial guidance represents a “healthy step-up” from what the company has been able to achieve over the past few years. “There is no reason why Delta’s future not only includes higher earnings, but a higher valuation as well,” contends Deutsche Bank.