Citi Backs Trucking; JP Morgan Cuts FedEx Target

Citigroup analyst Ariel Rosa made a bold logistics call on Tuesday. He upgraded both ODFL and CHRW to Buy from Hold in a single move. Old Dominion carries a $38.5 billion market cap. C.H. Robinson's new target sits at $196.

The trucking and freight brokerage duo have lagged amid a soft freight cycle. Rosa's double upgrade signals he sees a turning point ahead.

FDX got a rougher ride. JP Morgan's Brian Ossenbeck cut his price target to $400 from $460 — a $60 drop — while keeping a Buy rating. FedEx reports quarterly results this week. The trimmed target suggests near-term pressure on volumes or margins.

INTC picked up a fresh bull. Northland Capital Markets upgraded the chipmaker to Buy from Hold with a $120 target. Intel's $503 billion market cap reflects a significant re-rating from its recent lows. Short interest sits at just 2.8% of free float.

HOOD got a target lift from Jefferies. Daniel Fannon raised his price target to $140 from $127, keeping his Buy rating intact. Robinhood has been a standout performer in financial services this year.

Raymond James upgraded ABNB to Buy as well, setting a $200 target. The consensus on Airbnb remains mixed, with 26 analysts still holding Sell ratings.