Argus

Argus upgraded shares of Norfolk Southern Corp. (NYSE: NSC) on Wednesday, as negative business trends experienced by the rail industry for several quarters begin to moderate. The firm noted that the company has embarked on an aggressive restructuring that is lowering costs. Q3 Results Reviewing the...

Argus has downgraded Pfizer Inc. (NYSE: PFE) to Hold from Buy on a weaker outlook, pipeline setbacks and increased competition. Further, the discontinuation of separation plans was also a key reason behind the downgrade, as the brokerage believes the split would have improved business performance...

Shares of Brocade Communications Systems, Inc. (NASDAQ: BRCD) surged more than 20 percent on rumors of a potential acquisition by Broadcom Ltd (NASDAQ: AVGO). The acquisition would push Broadcom into a new market, where it would be competing against its customers, Argus’ Jim Kelleher said...

  Pre-open movers U.S. stock futures traded mostly lower in early pre-market trade. Facebook Inc (NASDAQ: FB), Metlife Inc (NYSE: MET) and Whole Foods Market, Inc. (NASDAQ: WFM) will report quarterly earnings today. The ADP national employment report for October will be released at 8:15...

Following continued chatter regarding the General Electric Company (NYSE: GE)–Baker Hughes Incorporated (NYSE: BHI) deal, here is a compilation of sell-side analysts' takes on the soon-to-be spun off combined unit's separate publicly traded energy services company. Baker Hughes' Competitive...

Argus likes the agreement between General Electric Company (NYSE: GE) and Baker Hughes Incorporated (NYSE: BHI) based on its creation of a new firm, combining the oil and gas units for the following factors: The integrated energy services firm could take on the likes of Halliburton Company (NYSE:...

October is treading the middle-of-the-road, without any major pullback, keeping the indexes off the correction territory, or a notable move to the upside. October: Typically A Strong Month By historical trends, October is typically a better performing month for the markets. Argus pointed out in a...

The markets seem to have a caught a cold in October, as the month is set to have the dubious distinction of being one of the worst performing months of 2016. Crests and troughs are quite the norm of any cycle, so why is the October performance raising an alarm? October is typically a better...

Argus’ David Coleman believes that Tidewater Inc. (NYSE: TDW), having violated “violated a key covenant in its revolving credit and term loan agreement, may have difficulty paying off debt scheduled to mature in fiscal 2017.” Coleman downgraded the rating on shares from Hold...

Argus reiterated its Buy rating on Allscripts Healthcare Solutions Inc (NASDAQ: MDRX) with a $19 target price as it believes new orders will translate into higher revenue over the next 12–18 months. “In particular, we are encouraged by the continuing trend of new orders growing faster...

Argus maintains its Buy rating and $38 target price on Mattel, Inc. (NASDAQ: MAT) as it still believes the company is in the early stages of its turnaround under new CEO Christopher Sinclair. According to the brokerage, the company has improved marketing and business execution under the new...