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Rockwell Collins Downgraded At Argus On Sales Concerns
Friday, August 26, 2016 - 8:07am | 291Read More...Although Rockwell Collins, Inc. (NYSE: COL) reported its FQ3 EPS ahead of expectations, management lowered the full-year guidance. Weakness in the business jet market is adversely impacting the company’s top- and bottom-lines, Argus’s John Eade said in a report. He downgraded the...
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Argus Says Despite L Brands Solid Q2, Category Exits Could Hinder Growth Near-Term
Thursday, August 25, 2016 - 1:51pm | 300Read More...Argus maintained its Hold rating on L Brands Inc (NYSE: LB) saying that the company's exit from certain categories in the Victoria's Secret direct and beauty businesses will hinder near-term growth. The brokerage also noted the company will face difficult comparisons going forward...
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Argus Crowns The Royal Bank Of Canada With A Higher Price Target
Thursday, August 25, 2016 - 11:53am | 144Read More...Argus reiterated its Buy rating on Royal Bank of Canada (NYSE: RY), raising the price target to $71 from $69. According to the company's Q3 results, the quarterly adjusted EPS was C$1.72 (US$1.34), up from C$1.66 (US$1.28) a year earlier. Revenues rose 10 percent to C$9.7 billion, aided by...
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Argus Initiates Coverage Of Twilio At Hold On High Valuation
Thursday, August 25, 2016 - 11:00am | 271Read More...Argus’ Stephen Biggar believes Twilio Inc (NYSE: TWLO) shares are fully valued at present, trading at the top end of the peer-group range. Biggar initiated coverage of the company with a Hold rating. Losses Ahead The analyst believes, following the strong run-up of the stock since its June...
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Waiting For Growth, Or A Better Valuation, Argus Stays Sidelined On Novartis Shares
Wednesday, August 24, 2016 - 3:30pm | 281Read More...Argus maintained its Hold rating on Novartis AG (ADR) (NYSE: NVS) as it looks for a favorable entry point. However, the brokerage's long-term rating on the stock is Buy as many of the drugs under development are considered breakthrough treatments and should benefit from strong pricing power...
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Express Scripts Margins Could Face Downward Pressure From Less Prescription Growth
Wednesday, August 24, 2016 - 11:42am | 401Read More...Argus' David Toung reiterated Express Scripts Holding Company (NASDAQ: ESRX)'s Hold rating after forecasting slow prescription growth for the company. The analyst acknowledged the company's hike on 2016 EPS guidance, but noted the increase was mainly driven by a lower share count rather than a...
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Argus Boosts Activision Earnings Estimates, Thinks Stock Should Trade At A Premium
Wednesday, August 24, 2016 - 10:30am | 305Read More...The acquisition of King Digital Entertainment PLC (NYSE: KING) “catapults” Activision Blizzard, Inc. (NASDAQ: ATVI) into mobile casual gaming, which is the fastest-growing segment of the videogame industry, Argus’s Joseph Bonner said in a report. He reiterated a Buy rating on...
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Argus Downgrades WhiteWave To Sell As Shares Move Close To Danone Buyout Offer Price
Wednesday, August 24, 2016 - 9:34am | 301Read More...Danone SA (ADR) (OTC: DANOY) made an offer on July 6 to acquire WhiteWave Foods Co (NYSE: WWAV) for $56.25 per share. WhiteWave’s shares are now trading close to the Danone offer price, Argus’s John Staszak noted and downgraded the rating on the company from Buy to Sell. The Danone...
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Host Hotels May Accommodate Investors With Luxurious Earnings, Dividend Increases
Wednesday, August 24, 2016 - 9:20am | 285Read More...Shares of Host Hotels and Resorts Inc (NYSE: HST) are expected to benefit from higher earnings, share repurchases and dividend hikes in the coming quarters, Argus’s Jacob Kilstein said in a report. He maintained a Buy rating on the company, while raising the price target from $19 to $21....
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Argus Elevates Deere Price Target To $98, Expecting Margins To Rebound
Tuesday, August 23, 2016 - 4:08pm | 274Read More...Argus raised its price target on Deere & Company (NYSE: DE) shares by $8 to $98, as it projects a margin rebound in the next 2-3 years. The brokerage, which has the stock in its Focus List and rates it Buy, said Deere's earnings have been steadily declining for several quarters due to...
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Argus Sees Regulatory Conditions On Charter's Acquisitions Having Minimal Impact On Achieving Synergies
Tuesday, August 23, 2016 - 3:50pm | 325Read More...Argus reiterated its Buy rating on Charter Communications, Inc. (NASDAQ: CHTR) saying that the regulatory conditions over deals with Time Warner Cable and Bright House Networks will have only a minimal impact on the company's ability to achieve merger synergies. Charter expects $800 million...
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Are Investors Underappreciating Devon Energy?
Tuesday, August 23, 2016 - 2:46pm | 274Read More...Argus maintained its Buy rating on Devon Energy Corp (NYSE: DVN) and raised the price target by $10 to $51, implying a potential return of about 16 percent. "We believe that Devon's focus on liquids production in unconventional North American plays is underappreciated by investors. In...
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Applied Materials' EPS Growing Faster Than Its Stock Price
Tuesday, August 23, 2016 - 2:17pm | 369Read More...Argus said the shares of Applied Materials, Inc. (NASDAQ: AMAT) continue to appear undervalued despite earnings growth accelerating faster than recent share price gains. Applied Materials delivered a second consecutive strong quarterly performance, with third-quarter revenue increasing 13 percent...
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Orbital No Longer A Buy At Argus, Waiting For Cash Flow To Improve
Tuesday, August 23, 2016 - 1:55pm | 361Read More...Argus has cut Orbital ATK Inc (NYSE: OA) to Hold from Buy following its restatement announcement and the reduction in expected cash flows. Orbital, which was created through the combination of Orbital Sciences and the Aerospace and Defense Groups of Alliant Techsystems, has announced an upcoming...
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Royal Dutch Shell Could Be A Play For Investors Expecting A Recovery In Oil Prices
Tuesday, August 23, 2016 - 1:49pm | 346Read More...Royal Dutch Shell plc (ADR) (NYSE: RDS-A) (NYSE: RDS-B) could be one of the best long-term energy value plays. According to a new note by Argus analyst Bill Selesky, the firm maintains its Buy rating and sees 13 percent upside for the high-yielding stock. “We expect Shell’s...
