Freight Stumbles, Fox Slips, Gaming Gets a Lift

Analysts delivered a mixed bag of calls on Monday, with freight names and media taking hits while gaming found a fresh backer.

Barclays cut FOXA to Hold, slashing its target from $67 to $60. That 10% target reduction is notable for a stock where short interest already sits at 14% of free float. Bears clearly have some conviction here.

The freight sector took a double blow. CHRW and ODFL both received downgrades in the same session. C.H. Robinson carries a $22.8B market cap. Old Dominion sits at a consensus target of $221.95. Both moves suggest analysts see slowing momentum in the logistics space.

On the brighter side, DA Davidson initiated TTWO with a Buy and a $300 target. Take-Two's market cap stands near $39.3B. The call reflects growing optimism ahead of major game releases in the pipeline.

Semiconductor names saw quiet target bumps. TXN and ON both received upward target revisions. Texas Instruments' consensus target edged to $293.52. ON Semiconductor moved to $107.

Darden Restaurants got a Citigroup upgrade to Buy with a $245 target, up from $238. Analyst Jon Tower points to resilience in casual dining.