Freight Upgrades and a Big FedEx Target Cut Lead Monday's Calls

Citigroup analyst Ariel Rosa made a bold pair trade on Monday. He upgraded both ODFL and CHRW to Buy from Hold. Old Dominion carries a $223 average target. C.H. Robinson's new target sits at $185, up from $196 prior consensus. Rosa's dual freight call signals renewed optimism on US trucking demand.

FDX got a rougher ride. JP Morgan's Brian Ossenbeck slashed his price target to $400 from $460. He kept his Buy rating, but the 13% target cut reflects weakening freight volumes and margin pressure at the logistics giant. FedEx's $76 billion market cap makes this a meaningful signal.

INTC drew one of the day's most bullish calls. Northland Capital Markets upgraded the chipmaker to Buy with a $120 target. Intel's $503 billion market cap recovery trade is back in focus. Short interest sits at just 2.8% of free float — few are betting against the comeback.

ABNB collected two separate analyst moves. Raymond James upgraded to Buy with a $200 target. Multiple other analysts also revised estimates simultaneously.

HOOD got a quiet target boost. Jefferies lifted its target to $140 from $127, maintaining Buy. Defense names LMT and NOC also saw consensus upgrades, continuing the sector's strong run.