Argus

Palo Alto Networks Inc (NYSE: PANW) has superior technology, and is a “next-generation leader in the enterprise security space,” Argus’s Joseph Bonner said in a report. He maintained a Buy rating on the company, with a price target of $205, following strong July quarter results...

Argus is positive on Advance Auto Parts, Inc. (NYSE: AAP)'s hiring of Tom Greco as CEO, as it thinks he "is the right executive for the job." The brokerage's analysts commented, "[H]e will deliver operating improvements that will be a catalyst for the shares." Argus maintains its Buy rating and $...

Brocade Communications Systems, Inc. (NASDAQ: BRCD) shares took a beating following the above-consensus results, which revealed weakness in the core business. Argus’ Jim Kelleher reiterated a Buy rating on the company with a price target of $13. Entry Point Kelleher believes the selloff...

Argus’ Stephen Biggar expressed concern regarding First Solar, Inc. (NASDAQ: FSLR)'s declining project backlog, as well as the impact of strong price competition. Biggar downgraded the rating on the company from Buy to Hold. EPS Concerns The analyst expects the company’s EPS to be hurt...

Although Under Armour Inc (NYSE: UA) would likely generate robust revenue going forward, substantial investment to expand the business could weigh on earnings growth, Argus’s John Staszak said in a report. He downgraded the rating on the company from Buy to Hold. Under Armour’s...

Argus’ Christopher Graja expects Dicks Sporting Goods Inc (NYSE: DKS) to gain market share due to the bankruptcy of The Sports Authority. Graja reiterated a Buy rating on the company, while raising the price target from $52 to $66. Growth Expectations The analyst also expects the company to...

Rio Tinto plc (ADR) (NYSE: RIO) has responded to weak commodity prices with cost control, asset sales and lower capex, and now appears poised to benefit from an industry turnabout, Argus’s John Eade said in a report. He maintained a Buy rating on the company, with a price target of $36....

Although sales and earnings at BHP Billiton Limited (ADR) (NYSE: BHP) have been hit by declining commodity prices, many product prices seem to be “nearing a cycle bottom,” Argus’s John Eade said in a report. He upgraded the rating on the company to Buy, while establishing a...

On August 22, Pfizer Inc. (NYSE: PFE) announced it had entered into an agreement to acquire Medivation Inc (NASDAQ: MDVN) for almost $14 billion or $81.50 per shares. Argus’ Jacob Kilstein maintains a Buy rating on Pfizer with a price target of $39. The Acquisition Kilstein mentioned the...

AstraZeneca plc (ADR) (NYSE: AZN) shares are currently trading at a discount to S&P 500 pharma companies. Argus’ John Eade believes the discount is too steep given the company’s pipeline potential. Eade upgraded the rating on the company to Buy with a price target of $38. Coping...

HP Inc (NYSE: HPQ) reported robust Q3 results, with solid printing profits and the PC business gaining share. The company is “managing through secular transitions and cyclical challenges, while boosting margins at an impressive pace,” Argus’s Jim Kelleher said in a report. He...

Argus has maintained its Hold rating on Ventas, Inc. (NYSE: VTR) as it expects growth to be constrained in the near term by asset sales and dilutive equity issuance, despite having opportunities in the $1 trillion senior housing and healthcare real estate market. However, the brokerage said shares...