Analysts Split on Energy and Financials

JP Morgan dominated Friday's ratings sweep with moves across several sectors. The bank cut its target on BE Bloom Energy from $314 to $292, while keeping a Buy. That is a notable step back for a clean energy name that trades on sentiment as much as fundamentals.

On rails, JP Morgan analyst Brian Ossenbeck trimmed his price target on UNP Union Pacific from $322 to $321, maintaining a Hold. The cut is small but the consensus is firmly cautious, with 18 Hold ratings against just one Buy.

BX Blackstone drew conflicting views. Kenneth Worthington at JP Morgan cut his target to $135 from $136 with a Hold. Piper Sandler's Crispin Love moved in the opposite direction, lifting his target to $126 with a Hold. Both are cautious, but the divergence on direction reflects uncertainty after recent earnings.

WDC Western Digital was a bright spot. JP Morgan's Joseph Cardoso raised his target to $650 from $600, keeping a Buy. Taiwan's September export orders hit a record high since 1984, according to ORTEX Alt Data, with total orders reaching NT$3,622.3bn. That tailwind for tech hardware could support the WDC thesis.

TSCO Tractor Supply drew two upward target revisions, with Piper Sandler raising to $35 from $33. Consensus average target edged up to $37.19. TSLA Tesla also saw its consensus target tick up to $408.46, with 18 Hold ratings reflecting a market still divided on valuation.