Delta Air Lines price target raised to $59 from $55 at Citi

Citi analyst Stephen Trent raised the firm’s price target on Delta Air Lines to $59 from $55 and keeps a Buy rating on the shares. Delta’s combination of international route exposure, seat mile cost dilution and relatively stable fuel prices should support the shares over the next year, Trent tells investors in a research note. The analyst continues to view Delta as his favorite U.S. carrier. As the recovery on several international corridors seems to be six- to nine months behind the U.S. domestic recovery, Delta’s passenger volumes could benefit "from this momentum," writes Trent.