Airlines are catching fresh tailwinds from Wall Street. Delta Air Lines and United Airlines Holdings both saw consensus target prices raised Friday. Delta's average target climbed to $86.41. United's moved to $136.63. Southwest Airlines also got a lift, with the consensus target ticking up to $47.51.
The semiconductor sector drew attention too. Wells Fargo analyst Joe Quatrochi lifted his target on Applied Materials to $740 from $715, maintaining a Buy rating. AMAT carries a $530 billion market cap. Short interest sits at just 2.7% of free float — bulls are firmly in control.
In biotech, UBS raised its target on Incyte Corporation to $113 from $103. That's a $10 jump, or roughly 10%. Incyte's SI % FF stands at 6.7%. The UBS analyst kept a Hold rating, but the bigger target signals improving confidence in the pipeline.
UBS also bumped Darden Restaurants to $240 from $230, with a Buy. Darden owns Olive Garden and LongHorn Steakhouse.
In energy, targets moved in opposite directions. Exxon Mobil saw its consensus target edge higher to $170.29. EOG Resources and Diamondback Energy both saw slight consensus target trims.
Walmart received a new consensus recommendation, with the average target settling at $138.59.
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.
