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 . 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.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
