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Total Potential Return For Duke Energy Not Exciting Enough For These Analysts
Monday, October 3, 2016 - 11:36am | 296Read More...The North Carolina Utilities Commission (NCUC) approved the acquisition of Piedmont Natural Gas Company, Inc. (NYSE: PNY) by Duke Energy Corp (NYSE: DUK) on September 29. Argus’ Gary Hovis maintained a Hold rating on Duke Energy. Hovis mentioned that the NCUC decision was the final...
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Costco's Commitment To Low Prices Keeps It Relevant With Bargain-Hunting Consumers
Monday, October 3, 2016 - 11:34am | 248Read More...Argus maintained its Buy rating and $175 target on Costco Wholesale Corporation (NASDAQ: COST) shares following fourth quarter results. While EPS topped Street estimates, Argus pointed out that it came below its estimate of $1.79. The brokerage cited Costco's business renewal rate in North...
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Argus Slightly Disappointed With Pfizer's Decision Not To Split The Company
Monday, October 3, 2016 - 10:37am | 324Read More...Argus is "slightly disappointed" with Pfizer Inc. (NYSE: PFE)'s decision not to split in to two companies. The brokerage maintained its Buy rating on the stock, citing valuation and M&A prospects. On September 26, Pfizer announced it would not split into two companies, saying...
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Allergan's New Products And Robust R&D Pipeline Support A Positive Long-Term View
Monday, October 3, 2016 - 10:31am | 251Read More...Expressing positivity regarding the long-term growth opportunities for Allergan plc Ordinary Shares (NYSE: AGN), Argus’ David Toung mentioned the company’s growth was expected to be driven by its key franchises, other aesthetic products, eye care solutions and gastrointestinal drugs...
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A Solid Q4 Accentuates The Bull Case For Accenture
Friday, September 30, 2016 - 9:24am | 288Read More...Accenture Plc (NYSE: ACN) reported its Q4 results ahead of expectations and its 2017 guidance reflects 8-12 percent growth in adjusted EPS. There is further potential upside in the company’s shares, with revenue and EPS growth, Argus’ Jim Kelleher said in a report. He maintained a Buy...
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Sun Life Financial Has Low Exposure To The Volatile Energy Sector And Could Pursue Acquisitions
Thursday, September 29, 2016 - 4:08pm | 195Read More...Argus said it likes Sun Life Financial Inc's (NYSE: SLF) relatively low investment exposure to the energy sector. The firm noted that the company reported strong second quarter results despite low interest rates and declining stock prices hurting its investment portfolio. Fundamentals...
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Transocean May Be More Exposed Than Peers To Deteriorating Offshore Drilling Market
Thursday, September 29, 2016 - 3:51pm | 403Read More...Argus reaffirmed its Hold rating on the shares of Transocean LTD (NYSE: RIG), premising the action on its concerns that the company may be more exposed than peers to deteriorating conditions in the offshore drilling markets. Offshore: Flavor Of Town The firm noted that there has been a secular...
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Qualcomm Intros New Snapdragon Processors, Leverages Industry Expertise
Thursday, September 29, 2016 - 3:22pm | 238Read More...Argus reiterated its rating and increased the price target on QUALCOMM, Inc. (NASDAQ: QCOM) following the release of its Snapdragon processors. These processors, the firm noted, are meant for embedded applications in multiple verticals addressing embedded computing and the Internet of Things....
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Kraft Heinz: The 100-Year-Old Growth Company
Wednesday, September 28, 2016 - 3:45pm | 195Read More...Argus said in a note Wednesday that Kraft Heinz Co(NASDAQ: KHC) is likely to achieve strong sales growth. The firm also believes the company would achieve management's objective of hitting the $1.5 billion annualized cost savings target in 2017. Argus has a favorable view on the Kraft and...
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Great Plains Providing An Entry Point At This Valuation
Wednesday, September 28, 2016 - 2:10pm | 347Read More...Argus maintains its Buy rating on Great Plains Energy Incorporated (NYSE: GXP) on "clearer earnings visibility, an improving economy in the company's service area, continuing efforts to manage costs, constructive rate regulation and gradual improvement in the allowed return on equity." Further, the...
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Shares Pull Back As Problems Pile Up At Perrigo
Tuesday, September 27, 2016 - 12:13pm | 380Read More...Following the departure of CEO Joseph Papa, along with the subsequent 17 percent cut in the 2016 earnings guidance and the associated uncertainty regarding its strategy, Perrigo Company plc Ordinary Shares (NYSE: PRGO) have taken a hit. Argus’ Jacob Kilstein maintains a Hold rating on the...
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3 Ways To Build An Election-Proof Portfolio
Tuesday, September 27, 2016 - 12:06pm | 382Read More...Following Monday’s presidential debate, many traders are now more uncertain than ever which candidate will be the next president and what that will mean for the economy and the stock market. With the November elections just weeks away, now may be the perfect time to try to "election-proof"...
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Why Comcast Makes A Good Growth Stock
Tuesday, September 27, 2016 - 11:41am | 332Read More...Comcast Corporation (NASDAQ: CMCSA) announced at its investor meeting that it intends to launch an integrated wireless service in mid-2017. Argus’ Joseph Bonner maintained a Buy rating on the company, with a price target of $81. Wireless Service “Comcast’s having its own...
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Incyte Could Be A Takeover Target, Argus Lifts Price Target To $98
Monday, September 26, 2016 - 12:40pm | 316Read More...Argus raised its price target on shares of Incyte Corporation (NASDAQ: INCY), premising the positive opinion on a trio of factors. The firm noted that the company reported better than expected second quarter sales and earnings per share and also hiked its guidance for Jakafi sales in 2016....
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Spectra Energy Merger With Enbridge Seen Favorably By Argus
Monday, September 26, 2016 - 11:35am | 275Read More...Argus is positive on Spectra Energy Corp. (NYSE: SE) following its deal to merge with Enbridge Inc (USA) (NYSE: ENB) in a stock-for-stock deal worth $28 billion as it would create the "the largest energy infrastructure company in North America." The consideration to receive is valued...
