** Shares of Qantas Airways QAN.AX rise 3.1% to A$10.3, hitting record high for second straight session amid a broadly weaker market .AX

** Brokerages have been upgrading their price targets on the flag carrier after it reported a bumper profit last week

** Qantas closed at A$9.99 on Monday, almost doubling from under A$5 in late-2023

** UBS raises PT on QAN to A$9.30 from A$9; Jarden ups to A$9.40 from A$8.89

** Jefferies also lifts its PT to A$11.42 from A$10.86

** Qantas showered investors with its first post-pandemic ordinary dividend, and a special dividend for the first time in a quarter of a century

** Stock up 14.1% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))