Raymond James upgrades Delta Air Lines, says stock can rally more than 40%

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Jesse Pound@/in/jesse-pound@jesserpound
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A Delta Air Lines Airbus A350-900 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020.
Loren Elliott | Reuters

Delta Air Lines is poised to see its stock bounce back after the company beat Wall Street expectations in its second-quarter report, according to Raymond James.