Delta Air Lines price target raised to $75 from $59 at TD Cowen

TD Cowen analyst Thomas Fitzgerald raised the firm’s price target on Delta Air Lines (DAL) to $75 from $59 and keeps a Buy rating on the shares. The firm noted they will be hosting its first investor day next week and they expect guidance for FY25 metrics and new long-term targets around loyalty/co-brand card and non-ticket revenue opportunities. Focus areas likely hub/partner strategy, cultivating the customer lifecycle, margin benefits from fleet renewal, TechOps, cost efficiency levers, and cap allocation.