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Delta Air (DAL) Stock Up, Imperial: 'Highest Quality Airline Among Big 3'

NEW YORK (TheStreet) -- Shares of Delta Air Lines (DAL) were advancing in late-morning trade on Wednesday as analysts at Imperial Capital initiated coverage of the stock with an "in-line" rating and a $41 price target, according to a note cited by Barron's.

The firm said Delta was the first network airline to recognize the risks in the cyclical airline industry and put into action plans to "de-risk its business, identify financial goals and reward stakeholders."

"We believe Delta is the highest quality airline among the Big 3," which includes competitors United Continental (UAL) and American Airlines (AAL), Imperial said.

However, the firm noted that "caution, at least short...