Target Corp (NYSE:TGT) shares fell around 1.6% Friday after Bank of America downgraded the retailer to “Underperform” from “Neutral,” citing what it described as deteriorating long-term prospects.
BofA lowered its price target to $93 from $105, noting that Target is lagging behind competitors on sales, digital growth, and strategic investments.
Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A) has added a little more than five million shares of UnitedHealth Group Inc (NYSE:UNH, ETR:UNH), sending shares of the health insurer nearly 13% higher on Friday.
According to SEC filings, Buffett is joining other major investors including David Tepper and Michael Burry in boosting stakes in the beleaguered company.
Plant-based meat pioneer Beyond Meat Inc (NASDAQ:BYND) is under financial pressure after reporting a sharp decline in sales and a cash crunch, though the company denied reports it has filed for bankruptcy.
According to reports, Beyond Meat is facing a potential Chapter 11 filing following second-quarter 2025 sales that fell nearly 20% year-over-year, highlighting weakness in US retail channels and select international markets.
Applied Materials Inc (NASDAQ:AMAT, ETR:AP2) shares fell 13.2% on Friday after the semiconductor equipment maker issued weaker-than-expected guidance for the fourth quarter.
The company expects revenue around $6.7 billion and EPS near $2.11, both below analysts’ forecasts of $7.32 billion and $2.38.
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said on Friday it is developing a blockchain-based software-as-a-service (SaaS) ticketing platform aimed at the global event industry, including concerts, conferences, trade shows and festivals.
The platform’s core feature, the “Event-Token,” will serve as both a secure, verifiable ticket and a tradable digital collectible, enabling fraud prevention, secondary market sales, and post-event engagement, the company said.
How do you make the leap from biomass to Bitcoin and battery storage?
Active Energy Group PLC (AIM:AEG, OTCQB:ATGVF). The pivot, or should I say full 180, has been something of a life-saver, in commercial and corporate terms at least.