Delta Air Lines price target raised to $55 from $53 at BofA

BofA raised the firm’s price target on Delta Air Lines to $55 from $53 and keeps a Buy rating on the shares after the company reported Q1 EPS at the high end of the guided range and initiated Q2 EPS guidance above the Visible Alpha consensus and the firm’s forecast. The firm, which thinks “there were more pros than cons” in Delta’s outlook, has confidence after yesterday’s report to raise its 2024 EPS view to $6.81 from $6.57, which it notes is towards the high end of the airline’s $6.00-$7.00 outlook.