Delta Air Lines shares experienced a 0.8% increase to $65.02 after UBS initiated coverage with a "buy" rating and set a price target of $88. UBS predicts that Delta will drive growth by leveraging its premium offerings and expanding its available seat miles (ASMs).

UBS also projects that Delta's strong customer loyalty will support attractive single-digit revenue growth, estimated at mid-single digits (MSD%) for 2025 and 2026. The new price target represents a significant 36.5% increase from the stock's previous closing price. Delta's shares have risen by 61.5% year-to-date.