Argus

The nation's largest traditional grocery chain, Kroger Co(NYSE: KR) has had a difficult year amid a deflationary food price environment. Share prices have declined nearly 20 percent in 2016, meaning it could be an appropriate time to take a closer look. Barclays views Kroger as “best-in-class...

Argus has downgraded United States Steel Corporation (NYSE: X) to Hold from Buy following the stock’s 60 percent rally since the election. Trump, Steel And Infrastructure Spending U.S. Steel should benefit from the Trump administration’s plans to boost infrastructure spending and limit...

Argus’ John Staszak believes Wendys Co (NASDAQ: WEN) has “revitalized its brand over the last three years by selling more than 800 company owned restaurants.” Staszak upgraded the rating on the company from Hold to Buy, with a price target of $15. Store Sales The analyst mentioned...

Kimco Realty Corp (NYSE: KIM) has largely repositioned its portfolio. While Kimco’s shares have been under pressure since early August due to expectations of interest rate hikes, the company’s FFO (funds from operations) growth could accelerate in 2017, Argus’s John Eade said in a...

Argus has upgraded Air Products & Chemicals, Inc. (NYSE: APD) to Buy from Hold following the company’s restructuring actions, which the brokerage believes will allow it to pursue stronger growth opportunities, especially in the energy sector. The Stock Among the various restructuring...

Home improvement retailer Lowe’s Companies, Inc. (NYSE: LOW) delivered third-quarter results short of estimates on both earnings and sales targets. Now the sell side has rushed in to make sense of what happened, especially after competitor Home Depot Inc (NYSE: HD) beat estimates on both top...

Argus said in a note on Friday that it expects Nucor Corporation (NYSE: NUE) to benefit from the Trump administration's plans to boost infrastructure spending as well as further actions to limit the dumping of imported steel. Election Result, Housing Market: Twin Catalysts Analyst David Coleman...

Home Depot Inc (NYSE: HD) reported beat-and-raise results for its third quarter on strong demand from professional contractors, growth in big-ticket projects and favorable weather. Argus: Buy, $154 Price Target Argus maintains its Buy rating and $154 price target on Home Depot, saying the home...

Cheesecake Factory Inc (NASDAQ: CAKE) reported year-over-year same-store-sales growth for the 27th consecutive quarter. Shares could attract investors going forward “given the company’s record of dividend hikes and share repurchases, and ability to open new stores while also generating...

Given slowing same-store-sales (SSS) growth, Argus cut its price target on the shares of Public Storage (NYSE: PSA) to $270 from $284. Argus also slashed its 2017 FFO estimate to $10.50 from $10.58 after the company said it expects a slowdown in SSS growth and occupancy, coupled with higher...

President-elect Donald Trump's victory spells higher chances for the regulatory approval of the merger between Aetna Inc (NYSE: AET) and Humana Inc (NYSE: HUM), Argus’ David Toung said in a report. He maintains a Buy rating on Aetna, while raising the price target from $130 to $145....

Argus has upgraded Novartis AG (ADR) (NYSE: NVS) to Buy from Hold on strong pipeline growth and falling of the stock to the brokerage’s potential upgrade point of mid-$70s. Novartis And GlaxoSmithKline Novartis, which is exiting a transition phase, is trading at $74 levels. The company...

A day after CVS Health Corp (NYSE: CVS) offered downbeat forecasts for the fourth quarter and fiscal year 2017, Argus found three reasons behind these guides and subsequently reduced its target price from $120 to $85 while retaining the Buy rating. The price target implies an upside potential of...

Broadcom Ltd (NASDAQ: AVGO) seems poised to continue generating mid-teens EPS growth over next several years, RBC Capital Markets’ Amit Daryanani said in a report. He reiterated a Top Pick rating on the company, with price target of $190. Broadcom projected its October-quarter revenue at the...