Semis, Airlines, and Biotech Get Fresh Upgrades

Analysts are busy upgrading price targets across three sectors today. Semiconductors, airlines, and biotech all saw bullish revisions.

Semis get a boost. Wells Fargo's Joe Quatrochi lifted his target on AMAT to $740 from $715. That's a Buy-rated call on the chip equipment giant. Applied Materials carries a $530 billion market cap and holds minimal short interest at 2.7% of free float.

Airlines flying higher. Consensus targets moved up across the board for US carriers. DAL saw its average analyst target rise to $86.41. UAL climbed to $136.63. LUV edged up to $47.51. All three consensus changes reflect upward target revisions. Delta's short interest sits at just 3.6% of free float — bears aren't loading up.

Biotech gets a rare target jump. UBS analyst Ashwani Verma raised his target on INCY by $10 to $113. Incyte kept its Hold rating but the move is notable. That's a nearly 10% target increase in one step. Short interest on Incyte is 6.7% of free float.

Energy split. COP and XOM saw consensus targets tick higher. EOG and FANG slipped slightly lower on consensus revisions.