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Delta Air (DAL) Stock Rallies, Raymond James Optimistic After Investor Update

NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock is jumping 2.27% to $43.97 on Tuesday afternoon as Raymond James analysts are bullish following the airline carrier's investor update, where it outlined its future plans to analysts.

During the presentation yesterday, the company said it will increase its annual dividend to 81 cents from 54 cents starting in the September quarter.

Adding to the positive announcement, the Atlanta-based company also noted that it would complete the ongoing $5 billion stock-repurchase plan by May 2017.

After attending the event, analysts see a "pathway to substantial and sustainable...