Patterson-Uti Energy Inc. (NASDAQ: PTEN): Piper Sandler resumed coverage with an Overweight rating and a $19 target. The consensus target is up at $21.58. The shares were last seen on Friday trading at $14.29.
Principal Financial Group Inc (NASDAQ: PFG): J.P. Morgan lowered its Neutral rating to Underweight but lifted the $69 target price to $72. The consensus target is $73. The last trade Friday hit the tape at $76.04.
Progressive Corp. (NYSE: PGR): Jefferies raised its Hold rating to Buy from, and its $123 target price was hiked to $142. The consensus target is $121.63. Friday’s close was at $121.96.
Schlumberger Ltd. (NYSE: SLB): Piper Sandler resumed coverage with an Overweight rating. Its $50 target would be a 52-week high, and shares closed on Friday at $42.59.
Service Corp. International (NYSE: SCI): Truist Financial initiated coverage with a Buy rating and a $72 target price. The consensus target is $80.50. The final trade on Friday came in at $60.00 a share.
Unity Software Inc. (NYSE: U): Needham started coverage with a Buy and a $50 target price. The consensus target is $54.94, and Friday’s closing trade of $32.77 was down almost 9% on no news we could find except for the horrible technology and market tape on Friday.
Unum Group (NYSE: UNUM): Truist Financial reiterated a Buy rating but trimmed the $48 target price to $44. The consensus target is $39.15. The stock ended Friday trading at $41.62.
Zoom Video Communications Inc. (NASDAQ: ZM): J.P. Morgan downgraded the stock to Neutral from Overweight and slashed the $295 target price to $85. The consensus target is $105.00. The last trade for Friday came in at $76.59.
Further federal funds rate increases and the third-quarter earnings reporting season could stir up the volatility cauldron. The best move for spooked investors may be to the top Warren Buffett stocks, as playing it safe now just makes sense.
See what has PayPal users outraged.
Friday’s top analyst upgrades and downgrades included Airbnb, Cleveland-Cliffs, CrowdStrike, Meta Platforms, Nasdaq, Okta, Penn Entertainment, PPL, Splunk, Target, U.S. Steel and Zscaler.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.