Stocks Soar: Flutter, UBS, Progressive Lead Market Gains

1. Flutter Entertainment Plc (NYSE: FLUT)
Flutter Entertainment Plc surged by 8.0%. Flutter reported Q2 2024 results with revenue of $70.08 billion, up 18.4% year-over-year. Benchmark reiterated a Buy rating with a $255 price target. Wells Fargo maintains an Equal-Weight rating, raising the price target to $224. JMP Securities maintains a Market Outperform rating with a $255 price target.

2. Ubs Group Ag (NYSE: UBS)
Ubs Group Ag gained solidly by 5.64%. UBS Group CEO Sergio Ermotti warned investors about recent global market sell-offs, highlighting system vulnerabilities, following Q2 net profit of $1.1 billion. High-ranking executive Iqbal Khan will reside in Hong Kong, overseeing Asia and co-heading Global Wealth Management. Jenny Su, UBS China Private Banking executive, reportedly resigns after 19 years.

3. The Progressive (NYSE: PGR)
The Progressive gained solidly by 5.3%. The Progressive Corporation has released its 2024 Q2 report, showing revenue of $353.77 billion and net income of $37.90 billion. HSBC upgraded The Progressive to Buy with a $253 target. BMO Capital and Evercore ISI Group maintain Outperform ratings with targets of $237 and $246 respectively.

4. Nu Holdings Ltd. (NYSE: NU)
Nu Holdings Ltd. gained solidly by 5.19%. Nu Holdings reported its Second Quarter fiscal 2024 results on August 13, 2024. UBS downgraded Nu Holdings to neutral with a new price target of $13.50. JP Morgan downgraded Nu Holdings to neutral but raised the price target to $14.50. Susquehanna maintained a positive rating with a $16.00 price target.

5. The Allstate (NYSE: ALL)
The Allstate gained solidly by 5.18%. The Allstate's 2024 mid-year report shows revenue at $309.73 billion and a net profit of $15.45 billion. Roth MKM, Keefe Bruyette & Woods, BMO Capital, and B of A Securities maintain positive ratings with target prices of $200, $208, $205, and $226, respectively. Wells Fargo upgrades to Equal-Weight with a $177 target.