Jefferies analyst Sheila Kahyaoglu raised the firm’s price target on Delta Air Lines (DAL) to $45 from $40 and keeps a Buy rating on the shares ahead of Q4 results from the company and the airline group. Delta "stands in a class alone" and remains her top pick in airlines, based on resilient revenue streams as premium and non-passenger revenue improves and its international margin opportunity, Kahyaoglu tells investors. Delta stands out as "best in class" give that it will be a cash generator through 2025, unlike United Airlines (UAL) and Southwest (LUV), and has a clear path to returning to an investment grade credit rating, unlike American Airlines (AAL), added Kahyaoglu, who has Hold ratings on the other three airlines mentioned.
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