Argus

Argus warned that Oracle Corporation (NYSE: ORCL) faces tough competition from cloud specialists, primarily from salesforce.com, inc. (NYSE: CRM), which is the market leader in the fragmented cloud CRM software market. "As an enterprise IT incumbent with a large installed client base, Oracle is at...

McKesson Corporation (NYSE: MCK) shares have declined 6.4 percent over the last three months, underperforming the shares of its key rivals. Argus’ David Toung maintains a Hold rating on the company. Price Deflation “We believe that concerns about generic price deflation and reduced...

Argus expects New Jersey Resources Corp (NYSE: NJR) shares to outperform in the gas distribution sector following the reiteration of its operating EPS forecast for the fiscal year 2016. Therefore, the stock offers a good entry point at current levels to realize potential upside rewards of about 27...

Argus expects International Game Technology Ordinary Shares (NYSE: IGT) to gain from GTECH merger synergies and solid cash flow. Analyst John Staszak sees strong prospects for both solid revenue and earnings growth in the upcoming period. Before the merger, the brokerage had a Hold rating on...

Argus expects Helmerich & Payne, Inc. (NYSE: HP) to witness lower rig utilization in the remaining period of the current year. Aside from that, the company is also focusing its dependence on low-price spot contracts instead of higher-priced term contracts. As a result, its revenue is likely to...

Argus has lifted Merck & Co., Inc. (NYSE: MRK)'s EPS estimates for 2017 from $4.00 to $4.10 due to the company's strong drug pipeline. The analysts elaborated that the pipeline includes an expected increase in sales of Keytruda, a melanoma treatment drug used on President Jimmy Carter, which...

On September 9, Kroger Co (NYSE: KR) reported a 7 percent increase in its adjusted earnings for fiscal Q2 to $0.47, beating the consensus and the estimate. Argus’ Chris Graja maintains a Buy rating on the company, but lowered the price target from $45 to $43. Graja explained that the price...

Argus reiterated its Buy rating and $60 price target on Western Digital Corp (NASDAQ: WDC) after the company raised its first-quarter outlook on volume and mix improvements. Western Digital increased its first quarter non-GAAP EPS view to $1.00–$1.05 from earlier guidance of $0.80–$0.90...

Argus’ Jacob Kilstein believes Zoetis Inc (NYSE: ZTS) has been benefiting from a “lack of generic competition in the animal drug space.” Kilstein maintains a Buy rating on the company, while raising the price target from $54 to $58. Benefiting From Animal Drug Space The analyst...

Argus analyst John Staszak has downgraded Estee Lauder Companies Inc (NYSE: EL) shares from Buy to Hold. The analyst thinks the company faces slow growth prospects for revenue and margin. Therefore, there is little room for any meaningful multiple expansion, at least in the short-term. The...

Apple Inc. (NASDAQ: AAPL) launched the much-awaited iPhone 7 on Wednesday. The absence of any surprise element resulted in a 3 percent decline in the company’s shares, Argus’s Jim Kelleher mentioned in a report. He maintained a Buy rating on Apple, with a price target of $135....