The firm said it upped its numbers on the airline as it expects the stock to continue growing.
UBS also raised its 2014 third quarter earnings per share estimates to $1.23 from $1.13, and its full year 2014 estimates to $3.25 from $3.15.
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For fiscal 2015 UBS is forecasting Delta will earn $4, up from its original estimate of $3.80 per share.
Shares of Delta Airlines are up 0.77% to $39.45 in pre-market trading today.
Separately, TheStreet Ratings team rates DELTA AIR LINES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, solid stock price performance, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows: