Freight Stocks Downgraded, Fox Cut by Barclays

Analysts turned bearish on two transport giants today. Both CHRW (C.H. Robinson) and ODFL (Old Dominion Freight Line) were downgraded in a sweeping sector call. Old Dominion carries a $51B market cap. C.H. Robinson sits at $22.8B. Consensus sell ratings on ODFL jumped from 8 to 5 buys as the mood soured.

FOXA took a hit from Barclays. Analyst Kannan Venkateshwar cut the target from $67 to $60 and moved to Hold. Fox's short interest sits at 14% of free float — notable for a media name. Barclays also removed its recommendation entirely in a separate action.

Homebuilder LEN also saw its target trimmed. Analysts cut the average price target from $89.50 to $88.71. With 8.6% of the free float short, bears remain active in the housing space.

On the upside, HWM got a boost. The consensus target on Howmet Aerospace rose to $305.13 from $303.23. The $106B aerospace components maker has just 2.5% short interest — bulls dominate.

NUE (Nucor) also saw its target nudged higher. The steel giant's average target moved to $258.41.