Airlines Fly, Chips Climb in Analyst Moves

Analysts raised targets on all three major US carriers today. Delta Air Lines, United Airlines, and Southwest Airlines all saw consensus price targets tick up. Delta's average target rose to $86.41 from $85.33. The sector move follows stronger-than-expected travel demand heading into summer.

In semiconductors, Wells Fargo lifted its target on Applied Materials to $740 from $715. The bank kept its Buy rating. AMAT carries a $530 billion market cap. Short interest sits at just 2.7% of free float — bears are not betting against this chip equipment giant.

UBS made moves across multiple sectors. The bank raised its target on Darden Restaurants to $240 from $230, maintaining a Buy. That implies meaningful upside from current levels. UBS also nudged up McCormick to $52 but held its Hold rating.

The most notable target jump came at Incyte. UBS raised its target by $10 to $113, keeping a Hold. Incyte's short interest stands at 6.7% of free float — above average for a large-cap biotech.

Energy names saw mixed moves. ConocoPhillips targets edged higher. EOG Resources and Diamondback Energy targets moved slightly lower.