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The Stakes Are High For Kohl's This Back-To-School Season
Monday, August 15, 2016 - 10:21am | 381Read More...Argus’ Christopher Graja believes the back-to-school season, spanning the end of 2Q and the first two months of 3Q, will demonstrate whether Kohl's Corporation (NYSE: KSS) “remains a favorite of American moms, or whether they have moved on.” Graja maintains a Hold rating on...
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More Room To Run For NVIDIA Shares
Monday, August 15, 2016 - 10:15am | 375Read More...Following NVIDIA Corporation (NASDAQ: NVDA)'s strong start to F1H17 and its higher-than-consensus 3Q17 guidance, Argus’ Jim Kelleher believes there is room for further share price appreciation. Kelleher reiterated a Buy rating on the company, while raising the price target from $54 to $72. 2Q...
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Baxter Shares Present Little Upside In Argus' View
Monday, August 15, 2016 - 10:03am | 324Read More...Argus retained its Hold rating on Baxter International Inc (NYSE: BAX) on valuation, saying the stock is "fully valued." The brokerage said Baxter shares are trading at 27.1 times its 2017 EPS estimate, well above the peer average of 19.1 for its med-tech coverage universe. Baxter reported solid...
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Argus Says Nokia Faces Near-Term Headwinds, But Remains Well-Positioned
Monday, August 15, 2016 - 9:57am | 362Read More...Argus’ Jim Kelleher believes the Q2 results reported by Nokia Corp (ADR) (NYSE: NOK) highlight the challenges within the mature wireless networks market, which is poised between decelerating 3G/4G demand and the imminent 5G. Kelleher reiterated a Buy rating on the company, with a price...
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Argus Downgrades McDonald's To Hold Citing Rising Labor Costs & Slowing Comp Sales
Monday, August 15, 2016 - 7:52am | 336Read More...Although McDonald's Corporation (NYSE: MCD) reported strong Q2 earnings, its overall revenue and same-store sales were short of expectations. The company is likely to face pressure from decelerating comp-store sales growth and rising labor costs over the next several quarters, Argus’s...
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Economic Income For Apollo Global Comes In Way Above Estimates, Co. Using The Right Strategies
Friday, August 12, 2016 - 12:11pm | 251Read More...On August 3, Apollo Global Management (NYSE: APO) reported 2Q16 after-tax economic income (ENI) of $0.98 per share vs. $0.38 from a year earlier. Analyst consensus expected Apollo to report and ENI of $0.20. Argus' Stephen Biggar was almost as surprised as most analysts having a $0.37 ENI...
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Simon Property Group Just Raised FFO Guidance, Could Raise It Again This Year
Thursday, August 11, 2016 - 9:59am | 301Read More...Simon Property Group Inc (NYSE: SPG) reported its 2Q revenue and FFO ahead of expectations, and raised its full-year FFO guidance. “We would not be surprised to see guidance raised again this year,” Argus’s Jacob Kilstein said in a report. He maintained a Buy rating on the...
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Corning, Cisco Among Top Names In Tech Hardware
Wednesday, August 10, 2016 - 2:44pm | 178Read More...On a conference call, Argus outlined several names in the technology hardware group considered best ideas among Argus analysts. Three of those were: Corning Inc (NYSE: GLW) - With a price target of $30 on shares, Argus liked Corning's execution across all its business units, and saw the...
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4 Interesting Semiconductor Picks
Wednesday, August 10, 2016 - 2:42pm | 359Read More...While holding a conference call with clients today, Argus Director Of Research Jim Kelleher laid out the four names in the semiconductor space Argus thinks are most interesting. Nvidia Argus was excited about NVIDIA Corporation (NASDAQ: NVDA). Once a leader in graphics processing, the company...
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3 Stocks New To Argus' Selector Focus List
Wednesday, August 10, 2016 - 1:49pm | 189Read More...In a conference call with clients Wednesday morning, Argus President John Eade spoke up some of the new additions to Argus' Portfolio Selector Focus List. Here are three of those stocks with a summary of Eade's comments: eBay Inc (NASDAQ: EBAY) - Reminding investors that Argus...
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Argus Analysts Say Coach Shows Tangible Signs Of Improvement
Wednesday, August 10, 2016 - 1:46pm | 269Read More...Argus maintained its Hold rating on Coach Inc (NYSE: COH) saying it's beginning to see tangible signs that consumers' perceptions of the Coach brand are improving. Coach is working its way to restore its image as a designer of high-quality bags and accessories with fewer U.S. stores. In...
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Argus Says Apple Earnings Could Turn Positive This Year
Wednesday, August 10, 2016 - 1:34pm | 225Read More...Speaking with clients in a conference call Wednesday morning, Argus Director of Research Jim Kelleher spoke briefly on technology hardware, and the way its earnings performance has lagged behind that of software. Saying the sector was dragged down by legacy vendors like International Business...
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Noble Cut To Sell By Argus, Balance Sheet Said To Have Deteriorated
Wednesday, August 10, 2016 - 1:29pm | 225Read More...Argus downgraded Noble Corporation Ordinary Shares (UK) (NYSE: NE) to Sell from Hold on declining offshore drilling activity and balance sheet concerns. Analyst David Coleman noted that Noble continues to be pressured by a drop in offshore drilling activity, and has been hurt by lower fleet...
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Argus Upgrades Chemours On Significant Competitive Advantages
Wednesday, August 10, 2016 - 11:55am | 162Read More...Argus's David Coleman upgraded Chemours Co (NYSE: CC) to Buy with a $13.00 price target. "We believe that Chemours has significant competitive advantages based on its large size, vertically integrated structure, and broad geographic reach," said Coleman. The company had shown...
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Argus: Bristol-Myers Selloff Is Overdone, Reiterating $90 Target
Wednesday, August 10, 2016 - 11:42am | 798Read More...Shares of pharmaceutical giant Bristol-Myers Suibb Co (NYSE: BMY) plunged last Friday after the company announced its Opdivo drug had failed a trial evaluating its efficacy as an alternative treatment to chemotherapy in lung cancer patients. Specifically, the potential blockbuster drug failed to...
