Delta price target raised to street high $69 at JPMorgan

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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%.