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Autozone Poised To Benefit As The Average American Car Is Now Over 11 Years Old
Thursday, October 20, 2016 - 1:19pm | 227Read More...Argus maintained its Buy rating on AutoZone, Inc. (NYSE: AZO) as it believes the company is poised to benefit from aging car population, low gas prices and increasing miles driven per car. “The average age of an American car is over 11 years and there are a growing number of cars that are...
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Lennar's Recovery May Take Longer Than Previously Thought
Wednesday, October 19, 2016 - 2:26pm | 307Read More...Argus maintained its Buy rating on Lennar Corporation (NYSE: LEN) but cut its target price by $4 to $55 on expectations of company's delayed recovery. “Although sales of new homes are on track to grow for the fifth straight year in 2016, we believe that the market is still only in the...
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Why BlackRock Deserves To Trade At A Premium To Peers
Wednesday, October 19, 2016 - 12:13pm | 335Read More...Argus believes BlackRock, Inc. (NYSE: BLK) should trade at a premium to large-cap financial stocks, given the company’s “above-average operating margins, stable long-term asset inflows, and history of product innovation.” Q3 The comments came after BlackRock’s third-quarter...
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Johnson & Johnson's Robust Pipeline Supports Its Above-Average Valuation
Wednesday, October 19, 2016 - 12:07pm | 343Read More...While noting that the shares of Johnson & Johnson (NYSE: JNJ) trade at a premium to Argus' universe of pharmaceutical stocks, the firm said the valuation is justified, given its robust new drug pipeline, improving device business and expanding opportunities in its consumer businesses. 3Q Review...
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Harley-Davidson's Q3 Hampered By Weak Product Mix
Wednesday, October 19, 2016 - 12:03pm | 372Read More...Argus thinks Harley-Davidson Inc (NYSE: HOG)'s third-quarter results were hurt by weak product mix, though its EPS and revenue were in line with the Street analysts' estimates. The firm pointed out that the company's EPS came in below its estimates. Analyst David Coleman sees the company facing...
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Becton Dickinson Shares Favorably Valued As It Works To Boost Earnings
Tuesday, October 18, 2016 - 11:12am | 321Read More...Argus believes that shares of Becton Dickinson and Co (NYSE: BDX) are favorably valued as it reaffirmed its Buy rating and $185 target price. Analyst David Toung welcomed the company’s sale of Respiratory Solutions and spinal product businesses, a move that will enable Becton Dickinson to...
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Charles Schwab Growing Faster Than Its Peers As It Gains Market Share
Tuesday, October 18, 2016 - 9:50am | 321Read More...Charles Schwab Corp (NYSE: SCHW) reported Q3 EPS ahead of expectations. The company’s growth continues to be higher than peers, backed by market share gains and product innovation, Argus’ Stephen Biggar said in a report. He maintained a Buy rating on Charles Schwab, while raising the...
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Argus Lowers The Altitude Of Its Delta Airlines Price Target Following Q3 Results
Monday, October 17, 2016 - 1:26pm | 483Read More...Argus has cut its price target on Delta Air Lines, Inc. (NYSE: DAL) by $12 to $48 after the company reported lower third-quarter earnings. The firm also cut its fourth-quarter outlook for operating margin and system capacity. Delta’s adjusted EPS fell to $1.70 from $1.74, but beat the...
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PNC's Stake In BlackRock A Solid Foundation For An Argus Upgrade
Monday, October 17, 2016 - 11:52am | 496Read More...Argus said in a research note released on Monday, it likes the cost-reduction efforts and the stability provided by PNC Financial Services Group Inc (NYSE: PNC)'s large stake in BlackRock, Inc. (NYSE: BLK). The company holds about 34.6 million share or a 21 percent stake in BlackRock. Higher...
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A Dividend Increase May Be The Only Exciting Thing About Ameren
Monday, October 17, 2016 - 10:51am | 245Read More...Close on the heels of Ameren Corporation (NYSE: AEE) boosting its quarterly dividend by 3.5 percent on October 14, Argus doesn't see any other catalyst to change its rating on the stock. The firm reiterated its Hold rating citing valuation. Analyst Gary Hovis said shares are trading at 17.2...
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Citigroup Remains A Work-In-Progress
Monday, October 17, 2016 - 10:26am | 322Read More...Citigroup Inc (NYSE: C) reported a decline in its Q3 adjusted earnings and revenues. “In our view, Citi remains a work in progress as it attempts to get better control of expenses and improve its efficiency ratio, and as it winds down assets at Citi Holdings,” Argus’ Stephen...
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Argus Cuts Illumina's Price Target, But Still Believes In The Long-Term Picture
Thursday, October 13, 2016 - 1:12pm | 275Read More...Argus lowered its price target and estimates for Illumina, Inc. (NASDAQ: ILMN) following its surprise revenue warning. However, the firm believes the long-term outlook for the company remains strong. Consequently, the firm sees the recent selloff in the shares of the company as offering a favorable...
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Extended Contracts Should Boost The Top-Line For AmerisourceBergen Corp
Thursday, October 13, 2016 - 9:23am | 423Read More...Argus reaffirmed its Buy rating and $135 price target on AmerisourceBergen Corp. (NYSE: ABC) shares as the extension of contracts with Kaiser Permanente and Express Scripts Holding Company (NASDAQ: ESRX) should boost revenue. Kaiser and Express are two of ABC’s largest customers, with Express...
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Buy These 3 Financials As An Alternative To The Big Banks
Thursday, October 13, 2016 - 8:59am | 431Read More...Although big banks are considered safer bets, given the reduced volatility in revenues due to their diversification in terms of geography, products, business line, industries, etc., there are always inherent risks involved. Bigger the size, bigger and more complex the issues are. Wells Fargo...
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Ericsson Enters What Is Typically Its Strongest Quarter Under A Cloud Of Uncertainty
Thursday, October 13, 2016 - 8:35am | 276Read More...Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) plummeted more than 20 percent after the company issued a Q3 profit warning. The challenging trends being faced by Ericsson could continue in the near term and extend into Q4, Argus’ Jim Kelleher said in a report. He maintained a Hold...
