Wall Street Raises Chips, Rails, and Airlines

Analysts are lifting targets across several sectors this week. The moves signal growing confidence heading into the second half of 2026.

MU drew the biggest attention. Consensus target prices rose to $1,410 from $1,398. The chipmaker carries a $1.28 trillion market cap. Short interest is just 3.7% of free float — bears are not pressing hard here.

AMAT got a direct upgrade. Wells Fargo analyst Joe Quatrochi moved the stock to Buy. His new target sits at $740, up from $715. Applied Materials is closely linked to AI infrastructure buildout. Both chip names are benefiting from the same demand wave.

Airlines also saw broad target hikes. DAL, UAL, and LUV all received upward revisions. Delta's consensus target moved to $86.41. United's rose to $136.63. The airline group looks more coordinated than it has in years.

Rail stocks were another cluster of positive revisions. UNP, NSC, and CSX all saw target increases. Analysts appear to be pricing in a more resilient US freight outlook.

DRI led the consumer space. Darden's consensus target climbed to $228.92 after a strong earnings print.