BUZZ-BofA raises Delta Air PT on strong premium demand, corporate travel recovery** BofA Global Research hikes PT on Delta Air DAL.N to $74 from $70, reiterates rating at "buy"
** New PT implies a premium of 20.8% from the stock's last close
** BofA says co is seeing positive trends heading into year-end, strong corporate demand, rising premium cabin revenue, and improving transatlantic performance, though overall demand remains soft
** Research firm hikes 2025 EPS forecast to $6.02 from $5.79 and 2026 EPS expectation to $7 from $6.87
** 22 of 24 brokerages rate the stock "buy" or higher, 2 "hold" ; their median PT is $72- data compiled by LSEG
** Including session moves, shares up 1.5% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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