Delta Air Lines price target raised to $67 from $60 at Goldman Sachs

Goldman Sachs analyst Catherine O’Brien raised the firm’s price target on Delta Air Lines (DAL) to $67 from $60 and keeps a Buy rating on the shares after its Q2 earnings beat and reinstated guidance. The primary drivers of the stock’s outperformance include better-than-feared Q3 revenue guidance of up 2% y/y and the reinstated FY25 EPS guidance, which implies upside potential to consensus at the midpoint and is ahead of the recently lowered investor expectations, the analyst tells investors in a research note. Delta management also noted that bookings point to another year of transatlantic off-peak, fall demand strength, the firm added.