Argus

International Game Technology Ordinary Shares (NYSE: IGT) may no longer be worth the gamble for investors. Argus analyst John Staszak has downgraded the stock to Hold due to a number of near-term headwinds the firm has identified in the gaming equipment market. The company’s recent 2017...

TESARO Inc (NASDAQ: TSRO) has strong prospects in immuno-oncology, as it prepares for four commercial launches in 2017 and plans to initiate pivotal studies for several products, Argus’s Stephen Biggar said in a report. He initiated coverage of the company with a Buy rating and a price...

Argus raised its price target for International Business Machines Corp. (NYSE: IBM) following the IT giant’s annual investor presentation earlier this month. IBM is changing with the times — with a slowing hardware business and growing cloud computing and artificial intelligence...

Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) reported its fiscal second-quarter 2017 revenue short of expectations and lowered its full-year guidance. Customer traffic at Cracker Barrel could continue to be soft and same-store sales growth would likely decelerate over the next several...

Analysts at Argus downgraded Tyson Foods, Inc. (NYSE: TSN) to Hold from Buy with no assigned price target. The analysts, led by John Staszak, noted the downgrade was justified despite the company's strong fiscal first quarter results. In fact, the downgrade is directly a result of an ongoing...

Following the disappointing second-quarter 2017 results reported by Palo Alto Networks Inc (NYSE: PANW), while meaningfully cutting the Q3 and full-year guidance on February 28, the stock declined 24 percent on March 1. Argus’ Joseph Bonner downgraded the rating on the company from Buy to...

Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) have lost 30 percent in the last six months and are currently trading close to 10-year lows. However, a turnaround in shares is unlikely until there are “signs of potential growth or a clearer strategy from the new management...

“Fiscal 1Q17 represented a fourth consecutive negative annual top-line comp and the third consecutive quarter in which revenue lagged the consensus forecast,” Argus’ Jim Kelleher said about Hewlett Packard Enterprise Co (NYSE: HPE), while downgrading the rating on the company from...

HP Inc (NYSE: HPQ) posted solid fourth-quarter results, backed by strong sales by its PC business, particularly in the notebook space. In the company’s printing business, supplies revenue seems to be on track to stabilize by yearend F2017, Argus’s Jim Kelleher said in a report. Kelleher...

Chipotle Mexican Grill, Inc. (NYSE: CMG) reported its fourth-quarter 2016 EPS at $0.55, missing the consensus and down from the EPS of $2.17 in fourth-quarter 2015. Argus’ John Staszak maintains a Hold rating on the company. Food Safety Issues “Chipotle’s reputation — and...

Applied Materials, Inc. (NASDAQ: AMAT) reported record order growth and non-GAAP EPS for fiscal first-quarter 2017. The company appears poised for “five multi-year inflections,” Argus’s Jim Kelleher said in a report. He reiterated a Buy rating on the company, while raising the 12-...

Bristol-Myers Squibb Co (NYSE: BMY) “has named three independent directors to its board amid reports that JANA Partners and Carl Icahn have taken stakes in BMY,” said Argus’ David Toung in a note, while reiterating a Buy rating on the company, with a price target of $75. Board...

Argus reiterated its Buy rating and raised its price target on Home Depot Inc (NYSE: HD) by $6 to $160, which implies total return potential of about 13.5 percent including the dividend yield of about 2.5 percent. The price target change comes after better-than-expected quarterly results from the...