Delta Air Lines price target lowered to $60 from $62 at Raymond James

Raymond James analyst Savanthi Syth lowered the firm’s price target on Delta Air Lines (DAL) to $60 from $62 and keeps a Strong Buy rating on the shares. Delta’s plans to flatten second half 2025 capacity growth as it moves to protect margin and cash flow in a no-growth environment while maintaining low-single digit year over year CASM-Ex was well-received, offsetting the midpoint of Q2 EPS guidance that was below consensus, the analyst tells investors in a research note. The firm…