FedEx Upgraded as Earnings Season Shakes Analyst Views

FedEx picked up a fresh upgrade today. The logistics giant moved from Hold to Buy at consensus level, with the average target price sitting at $355.10. Short interest is just 2.3% of free float — bears are largely absent.

Darden Restaurants drew the most target price lift of the session. Consensus lifted its average price target to $233.62, up from $233.35, following a solid earnings print. At 6% SI % FF, some shorts remain, but availability is ample at 919%.

Costco saw a small target trim. The average fell to $1,065.31 from $1,069.20. The $400B retailer delivered strong sales but analysts nudged estimates lower on margin concerns.

Advanced Micro Devices got a target bump to $618.51. The chip giant has 43 Buy ratings and zero Sells — the most bullish consensus in today's batch.

Telecom faced pressure. Both T-Mobile and Charter Communications saw target cuts today. T-Mobile slipped to $244.12. Charter fell to $178.58 with five Buy ratings now balanced against five Sells.

Accenture and GoDaddy both received modest target increases, reflecting steady IT spending demand entering Q4.