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3 Bank Stocks Recommended By Analysts Ahead Of A Possible Rate Hike
Thursday, October 13, 2016 - 8:00am | 322Read More...Following the Financial Services conference call held by Argus, analyst Steve Biggar recommended three banking names ahead of a potential rate hike. JPMorgan Saying that JPMorgan Chase & Co. (NYSE: JPM) was among the leaders in the mortgage arena, as well as in credit cards, retail branch...
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Ahead Of Wells Fargo's Q3 Report, This Senior Analyst Maintains A Buy
Thursday, October 13, 2016 - 6:42am | 244Read More...Argus Research's Senior Analyst Steve Biggar maintained his Buy rating on shares of Wells Fargo & Co (NYSE: WFC) ahead of its earnings release. The company is set to report its third quarter results before the markets open on Friday. Analysts, on average, expect the bank to report...
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Argus Research Makes A Bullish Call On Financials
Wednesday, October 12, 2016 - 3:59pm | 351Read More...Argus research analyst Jim Kelleher recently discussed the firm’s outlook for the financial sector in Argus’ monthly research conference call. According to Kelleher, the firm is bullish on financial stocks headed into 2017. “We are currently Overweight on the Financials sector...
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Eversource Energy's Top-Line On Track To Grow At An Above-Average Pace
Wednesday, October 12, 2016 - 12:59pm | 338Read More...Argus cut its price target on Eversource Energy (NYSE: ES) shares to $59 from $64 to reflect the decline in industrywide P/E multiples since the beginning of third quarter, as well as the brokerage’s expectations for a Fed rate hike in December. “Utilities as a group are heavily...
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Keep Your Eyes Peeled For Pullbacks In National Fuel Gas Stock
Wednesday, October 12, 2016 - 12:36pm | 271Read More...John Eade of Argus is waiting for a favorable entry point in the Hold-rated National Fuel Gas Co. (NYSE: NFG). "We believe that NFG provides a unique long-term investment opportunity, as it combines the stability of a regulated gas utility with the growth potential of an E&P and...
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Procter & Gamble Looking Lean, Mean And More Profitable
Wednesday, October 12, 2016 - 10:58am | 367Read More...Argus upgraded shares of Procter & Gamble Co (NYSE: PG) from a Hold to a Buy rating and established a target price of $103, implying more than a 15 percent upside potential from the current levels. Analyst John Staszak pointed out that the company exited less profitable brands and focused on...
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Grubhub Setting The Table For Earnings Growth In 2017
Wednesday, October 12, 2016 - 10:30am | 286Read More...Argus has initiated coverage on mobile food-ordering/delivery company GrubHub Inc (NYSE: GRUB) in the company's latest analyst note. Analysts have cited Grubhub's strong prospects for innovative food delivery as the mobile food delivery industry explodes. The company has over 45,000 participating...
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Recent Honeywell Selloff Provides An Entry Point
Tuesday, October 11, 2016 - 3:17pm | 341Read More...Argus’ John Eade believes the recent selloff in Honeywell International Inc. (NYSE: HON) shares offers a buying opportunity as the company is poised to generate low double-digit earnings growth over the next five years. Shares have underperformed the S&P 500 over the past quarter,...
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Argus Upgrades Sherwin-Williams To Buy Following Pullback
Monday, October 10, 2016 - 11:13am | 292Read More...Argus’ Jim Kelleher believes that the 15 percent pullback in Sherwin-Williams Co (NYSE: SHW) shares from their recent highs presents an attractive buying opportunity and that the stock deserves to trade at a premium, given the company’s superior growth prospects. Kelleher upgraded...
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MGM Looking Like A Good Bet On Signs Of Improving Landscape In Macau, Solid Growth In Vegas
Thursday, October 6, 2016 - 1:12pm | 339Read More...MGM Resorts International (NYSE: MGM) could continue to benefit from positive growth trends in its two biggest markets. Argus analyst John Staszak has upgraded MGM from Hold to Buy based on solid Las Vegas numbers and a potential rebound in the Macau market headed into 2017. According to Staszak,...
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October: The Market's Problem Child
Wednesday, October 5, 2016 - 12:00pm | 294Read More...So far, the month of October is off to a lackluster start, with the SPDR S&P 500 ETF Trust (NYSE: SPY) down 0.3 percent in the first few days of the month. October is a particularly volatile month for the S&P 500. According to Argus analyst Jim Kelleher, October tends to be a strong...
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Williams Companies Shares Have Risen 50% Since Terminating Energy Transfer Merger
Tuesday, October 4, 2016 - 4:32pm | 159Read More...Williams Companies Inc (NYSE: WMB) price target was raised to $36 by Argus following the fallout between a merger agreement with Energy Transfer Equity (NYSE: ETE) in June. Williams Companies stock has increased over 50 percent since the termination of the agreement between the two energy...
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United Rentals Could Be In Position For An Extended Upturn
Tuesday, October 4, 2016 - 2:54pm | 315Read More...Argus believes United Rentals, Inc. (NYSE: URI) is poised for a longer-than-typical upturn and views the recent period of flat revenue as temporary. Investors may think that United Rentals nearing the top of its business cycle as it has seen strong growth over the past five years. But,...
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Skepticism Surrounding National Amusements' Request For A CBS-Viacom Merger
Monday, October 3, 2016 - 12:25pm | 289Read More...Argus expressed skepticism concerning the shareholder friendliness of a CBS Corporation (NYSE: CBS)- Viacom, Inc.(NASDAQ: VIAB) combination called for by National Amusement, the holding company for Sumner Redstone's 80 percent stake in both the companies. Grey Areas CBS, according to...
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Chesapeake Energy Trading At A Discount To Its Peers, But For Good Reason
Monday, October 3, 2016 - 11:39am | 248Read More...Chesapeake Energy Corporation (NYSE: CHK) shares are up more than 200 percent from their February lows as the company has made a number of changes to combat the lingering depressed commodity market. While he applauds Chesapeake for its improvements, Argus analysts David Coleman believes the...
