Delta price target raised to street high $69 at JPMorgan

Apr. 13, 2022 4:37 PM ETDelta Air Lines, Inc. (DAL)By: Joshua Fineman, SA News Editor5 Comments

Delta Air Lines Airbus A330-300 airplane

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  • Delta's (NYSE:DAL) price target was raised to a street high $69 at JPMorgan after the airline reported Q1 results. Delta shares rose 6.2% on the earnings/guidance news.
  • "Delta's 2Q guide far exceeds even our most optimistic topline forecast, and bodes exceptionally well for the sector this earnings, in our view," JPMorgan analyst Jamie Baker wrote in a note.
  • Baker raised his year-end 2022 price target on Delta to $69 from $57, though he warned that investors shouldn't expect other airlines to give $3.30/gallon fuel guides due to Delta's "idiosyncratic refinery benefit."
  • Also see, helped by Delta earnings, airline ETF JETS flies 5%.
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