Citi raised its price target for Delta Air Lines (DAL) to $87, up from $77, while reiterating a Buy rating. This adjustment aligns with the bank's preview of the airline sector's fourth-quarter earnings.
Citi's analyst report noted that its business travel barometer has bottomed. This suggests a potential recovery in a key revenue segment.
However, the firm anticipates major airlines will provide conservative outlooks for the 2026 fiscal year. No specific market reaction to the price target change was available.