Delta Air Lines, Inc.’s (DAL) Price Target Raised

Analysts Hunter Keay and Patrick Dearchs at Stifel Nicolaus have raised the price target for Delta Air Lines, Inc. (NYSE: DAL) from $15 to $17.

The price target has been raised after a revision to the estimates for 2010. Analysts expect the company to have an 11 % year-over-year consolidated PRASM growth in 2010, higher than the previous estimate of an 8.1% growth.

According to analysts, the company has the easiest stage-length adjusted comparison on PRASM growth in 2010 among the big five carriers.

Analysts at Stifel Nicolaus continue to rate Delta Air Lines, Inc. as a Buy.