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Argus Says American Tower Stands Above Its Peers In The Wireless Tower Space
Wednesday, August 17, 2016 - 11:55am | 335Read More...Argus reiterated its Buy rating on American Tower Corp (NYSE: AMT) shares. The brokerage boosted the price objective from $120 to $130 citing expected increased demand from mobile data usage. Argus analysts, led by Jacob Kilstein, expect American Tower to gain from a yearly increase in lease rate...
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S&P Global Could Face Headwinds From Fed Rate Uncertainty; Argus Maintains At Buy
Wednesday, August 17, 2016 - 11:48am | 298Read More...Argus said S&P Global Inc (NYSE: SPGI) could face headwinds from the timing and magnitude of upcoming Fed rate hikes, as well as rising default risk in the corporate bond market. However, the brokerage maintains its Buy rating, saying that the company will be able to navigate through the...
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High Costs, Disappointing Summer At The Box Office Keep Fox Stuck In 'Slow Growth Mode'
Wednesday, August 17, 2016 - 11:42am | 280Read More...Argus' Joseph Bonner commented on Twenty-First Century Fox Inc (NASDAQ: FOX) (NASDAQ: FOXA)'s challenging outlook and overhang from the Roger Ailes scandal. Due to upcoming concerns, Bonner reiterated the company's Hold rating. Fox In ‘Slow Growth Mode' Bonner believes Fox will remain in "slow...
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Hain Celestial Stock Selloff May Be Excessive, Says Argus
Wednesday, August 17, 2016 - 11:34am | 260Read More...Argus analyst John Staszak maintains his Buy rating on Hain Celestial Group Inc (NASDAQ: HAIN) shares. However, the brokerage reduced the price target by $10 to $50, citing uncertainty on accounting issues and warnings on EPS and revenue. The lead analyst is not worried about the 26 percent single-...
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Argus Reflects On Morgan Stanley's New Activist Stake
Wednesday, August 17, 2016 - 11:24am | 365Read More...Activist investor ValueAct Holdings has taken a 2 percent stake in Morgan Stanley (NYSE: MS), making ValueAct Holdings Morgan Stanley’s sixth-largest shareholder based on analysis from Vickers Stock Research. Argus’ Stephen Biggar reiterated a Buy rating on the company, while raising...
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Moody's Cut Outlook, But Argus Likes Its Long-Term Opportunities
Wednesday, August 17, 2016 - 10:11am | 281Read More...Moody's Corporation (NYSE: MCO) shares have outperformed over the past quarter, appreciating 11 percent, as compared to the 6.6 percent rise in the S&P 500. Argus’ John Eade maintained a Buy rating on the company, while raising the price target from $110 to $124. Impressive...
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Argus Sees Potential For 15% Return On Home Depot Shares
Wednesday, August 17, 2016 - 10:10am | 301Read More...Home Depot Inc (NYSE: HD) reported Q2 EPS on Tuesday at $1.97, representing 14 percent growth and beating the estimate and the consensus. Argus’ Christopher Graja maintained a Buy rating on the company, while raising the price target from $150 to $154. Improving Trends “HD...
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Exxon Valued Favorably Compared To Its Peers
Wednesday, August 17, 2016 - 9:53am | 296Read More...Exxon Mobil Corporation (NYSE: XOM) continues to benefit from the diversity of its asset base and its stringent cost controls, Argus’s Bill Selesky said in a report. He maintained a Buy rating and a price target of $104 on Exxon, while mentioning that the company was “favorably valued...
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Scripps Networks Interactive Shares Attractively Priced, Says Argus
Tuesday, August 16, 2016 - 2:58pm | 390Read More...Argus maintains its Buy rating and $100 price target on Scripps Networks Interactive, Inc. (NASDAQ: SNI), saying the company benefits from ratings growth in a strong scatter advertising market. The brokerage noted that HGTV and the Food Network remain key growth drivers, as the company expands...
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Praxair Well-Positioned For Growth, But Valuation Keeps Argus At Hold Rating
Tuesday, August 16, 2016 - 2:13pm | 363Read More...Argus maintains its Hold rating on Praxair, Inc. (NYSE: PX) on valuation, while believing the company remains well positioned to deliver stronger EPS growth over time. The reiteration comes as Praxair confirmed it is currently in preliminary discussions with Linde AG regarding a potential merger....
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JCPenney's Shiny New Earnings Estimates From Argus
Tuesday, August 16, 2016 - 12:24pm | 269Read More...J C Penney Company Inc (NYSE: JCP) reported robust 2Q results on August 12, with the operating income ahead of the estimate, driven by lower-than-expected SG&A expenses. Argus’ Christopher Graja maintains a Hold rating on the company. 2Q Results “Total sales were slightly below...
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Argus Raises Price Target On International Flavors & Fragrances
Tuesday, August 16, 2016 - 11:33am | 287Read More...International Flavors & Fragrances Inc (NYSE: IFF) reported its Q2 results on August 8, with sales rising 3 percent from the year ago level and EPS beating the consensus. Argus’ John Staszak maintained a Buy rating on the company, while raising the price target from $146 to $156....
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Analysts At Argus Remain Sidelined On Seagate
Tuesday, August 16, 2016 - 10:43am | 324Read More...Seagate Technology PLC (NASDAQ: STX) reported an annual revenue decline in F4Q16. The company needs to reduce its productive capacity and realigns its operating model, Argus’s Jim Kelleher said in a report. He maintained a Hold rating on the company. Mixed Results Seagate reported a 9...
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In A Challenging Environment, Argus Sees Helmerich & Payne Better Positioned Than Its Peers
Monday, August 15, 2016 - 11:14am | 250Read More...Although only a modest improvement is expected in the U.S. land drilling market through the remainder of 2016, Argus’ Bill Selesky expects Helmerich & Payne, Inc. (NYSE: HP) to remain better positioned that its peers in a challenging environment. Seleski maintained a Buy rating on the...
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Revenue Headwinds Keep These Analysts Sidelined On Viacom
Monday, August 15, 2016 - 10:30am | 419Read More...Viacom, Inc. (NASDAQ: VIA) (NASDAQ: VIAB) reported another set of weak quarterly results. In order to reverse declining ad revenues at the core media networks division, Viacom would need to make substantial reinvestment in new programming and channels, Argus’s Joseph Bonner said in a report,...
