Delta Air Lines price target raised to $80 from $75 at Susquehanna

Susquehanna raised the firm’s price target on Delta Air Lines (DAL) to $80 from $75 and keeps a Positive rating on the shares. The firm continues to see a favorable supply/demand backdrop for U.S. domestic industry RASM into 1H25, with leisure and business volumes tracking at least seasonally in line and selling capacity (ASMs) through the spring pacing at low single digits. Delta Air reported better than expected top-line results which drove the upside versus estimates.