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Xcel Energy Is A Stable Utility That Could Pay A Growing Dividend For Years To Come
Monday, September 26, 2016 - 10:17am | 317Read More...Xcel Energy Inc (NYSE: XEL) is likely to record continued increases in interest charges, depreciation and property taxes as well as higher O&M expenses through 2017, Argus’ Gary Hovis said in a report. He maintained a Buy rating on the company, with a price target of $48. The EPS...
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Expecting Continued Pressure On Oil Prices, Argus Maintains A Hold On Nabors Industries
Friday, September 23, 2016 - 12:52pm | 151Read More...Argus maintained its Hold rating on Nabors Industries Ltd. (NYSE: NBR) as it expects crude oil prices to remain low, while anticipating reduced drilling activity over the next several quarters. "We expect this oilfield services company to post an adjusted loss in both 2016 and 2017,"...
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A Weaker Outlook For Gentherm Drives Argus To Downgrade
Friday, September 23, 2016 - 11:44am | 143Read More...Citing increased competitive risks and weaker growth prospects, Argus downgraded shares of Gentherm Inc (NASDAQ: THRM) to Hold from Buy. Argus highlighted the stalling in the company's earnings growth in recent quarters due to the dilutive acquisition of environmental testing chambers maker...
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Adobe Systems Q3 Results Show New Strategy Gaining Traction
Friday, September 23, 2016 - 10:55am | 281Read More...Argus raised its price target on shares of Adobe Systems Incorporated (NASDAQ: ADBE) by $17 to $127 as the strong quarterly results suggest the company's transition from a perpetual-license model to a cloud-based software-as-a-service model is gaining traction. Investors enthusiasm was...
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Strong Top And Bottom Line Growth Expected From Integra
Friday, September 23, 2016 - 10:22am | 237Read More...Argus believes Integra Lifesciences Holdings Corp. (NASDAQ: IART) stands to gain from the successful launch of its Omnigraft tissue closure product. Aside from this, the company's top line and bottom line would be driven by solid execution of sales besides accretive acquisitions. Analysts...
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Viacom Shareholders Likely In For A Sustained Turnaround Period
Thursday, September 22, 2016 - 3:52pm | 188Read More...Argus maintained a Hold rating for Viacom Inc. (NASDAQ: VIAB) after the media giant cut its dividend in half to $0.20 and dismissed Interim CEO Tom Dooley on Wednesday. “While the board’s moves were not unexpected,” explains analyst Joseph Bonner, “Viacom is likely in...
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Positive Regulatory Relations A Plus For PNM Resources
Thursday, September 22, 2016 - 11:36am | 245Read More...Argus reiterated its Buy rating on PNM Resources Inc (NYSE: PNM) given the company's stronger forward earnings visibility and positive relations with regulators at both the state and federal levels. However, the brokerage cut its target price to $38 from $40, primarily reflecting the...
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Controversy Pullback Offers Good Entry Point For Mylan
Thursday, September 22, 2016 - 10:16am | 364Read More...Argus’ Jacob Kilstein believes generic drug companies would “continue to benefit from the increased focus on cost-effective healthcare.” Kilstein maintains a Buy rating and a $55 price target on Mylan NV (NASDAQ: MYL). Attractive Entry Point The stock has declined 17 percent over...
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Argus Upgrades Amazon To Buy, Sets $935 Target
Thursday, September 22, 2016 - 7:45am | 410Read More...The growth prospects of Amazon.com, Inc. (NASDAQ: AMZN) seem to be “accelerating more rapidly than the share price,” Argus’s Jim Kelleher said in a report. He upgraded the rating on the company from Hold to Buy, while establishing a 12-month price target of $935. Amazon’...
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Abercrombie & Fitch Is America's 'Most Hated Retailer' And Keeps Falling Amid Analyst Criticism
Wednesday, September 21, 2016 - 11:59am | 358Read More...When a company is already struggling to adapt its brand to a changing market environment, the last thing it needs it to be named at the top of a list of “most hated companies.” Unfortunately, Abercrombie & Fitch Co. (NYSE: ANF) gained the dubious distinction of Fortune’s most...
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Zimmer Biomet Is In Position To Ramp Up Revenue Growth
Wednesday, September 21, 2016 - 9:42am | 310Read More...Following the upbeat 2016 guidance issued by Zimmer Biomet Holdings Inc (NYSE: ZBH), Argus’ David Toung believes the company has completed its merger integration process and the combined sales force has stabilized. Toung reiterated a Buy rating on the company, with a price target of $140...
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Interest Rate Anxiety Leads Argus To Lower Its Price Target On Public Service Enterprise
Tuesday, September 20, 2016 - 11:21am | 321Read More...Argus on Tuesday lowered its price target on the shares of Public Service Enterprise Group Inc. (NYSE: PEG) due to a decline in industry-wide P/E multiples and the looming risk of an imminent Fed rate hike. Even amid the rate risk, Argus feels Public Service is better positioned than its utility...
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Vodafone's Growth Prospects Already Priced In At This Valuation
Tuesday, September 20, 2016 - 10:58am | 328Read More...Argus initiated shares of Vodafone Group Plc (ADR) (NASDAQ: VOD) at Hold, as the prospects of improving business outlook offsetting the risks arising due to its valuation. Transformation, Investment Help In a research note published on Tuesday, the firm's analyst Stephen Biggar pondered on Vodafone...
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Strong Housing Starts And Chinese Demand Bode Well For Weyerhaeuser
Tuesday, September 20, 2016 - 10:43am | 265Read More...Argus’ Jacob Kilstein believes that robust trends in housing starts and China demand, along with the sale of the struggling Cellulose Fibers business could prove to be future growth drivers for Weyerhaeuser Co (NYSE: WY) Kilstein reiterated a Buy rating on the company, with a price target...
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6 Reasons For Sempra Energy's Above Average Growth
Monday, September 19, 2016 - 3:46pm | 312Read More...Giving six reasons for Sempra Energy (NYSE: SRE)'s above-peer-average growth, Argus said it is reiterating its Hold rating on the shares of the company, while it is also maintaining its long-term Buy rating. Firstly, the firm believes the company's five-year $18.5 billion capital program could...
