Citigroup dumped airline price targets across the board today. UAL United Airlines absorbed a $23 chop to $132 from $155 while keeping a buy rating. DAL Delta fell $10 to $77 from $87 despite analyst conviction remaining intact.
LUV Southwest took the biggest percentage hit dropping $10 to $44 from $54. John Godyn cut the carrier to hold signaling defensive caution. The moves came as oil spiked back above $100 on Middle East energy facility strikes.
Citigroup showed rare bullish moves elsewhere. VZ Verizon jumped $5 to $55 as Michael Rollins raised his buy rating target. DRI Darden Restaurants climbed $3 to $238 suggesting defensive consumer rotation toward stable earners.
JP Morgan cut CAG Conagra Brands sharply to $17 from $19 while holding neutral. The packaged food maker faced margin pressure despite defensive positioning. FDX FedEx rose $8 to $432 on logistics optimism.
Airlines consensus targets fell broadly. Delta consensus dropped to $79.93 while United fell to $135.06. The sector absorbed fresh skepticism as energy costs threatened margin recovery.
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