Delta Air Lines price target raised to $46 from $42 at UBS

UBS raised the firm’s price target on Delta Air Lines (DAL) to $46 from $42 and keeps a Neutral rating on the shares after hosting meetings with management. Delta was constructive about the continuing stability they are seeing in May demand trends which appear similar to April, the analyst tells investors in a research note. Additionally, management said the change in focus at Southwest (LUV) is “constructive” for the industry, UBS says.