TD Cowen raised its price target on Delta Air Lines (DAL) to $82, up from $77. The firm simultaneously maintained its Buy rating on the stock.
This adjustment was part of a broader fourth-quarter (Q4) preview for the airline industry. Cowen updated targets for various carriers during this sector review.
Analysts noted the airline industry navigated a recent shutdown better than anticipated. Furthermore, demand appears to be entering 2026 with strong momentum.
This positive outlook on travel demand directly contributed to the increased price target for Delta.