Argus

For some, August marks the beginning of the end of summer. For others, August is time for back to school shopping. For many investors, however, August is also a rally killer month. According to analysts at Argus Research, the current "unsettled environment" in the stock market also happens to be "...

Although ServiceNow Inc (NYSE: NOW) shares have appreciated 30 percent since they saw market bottom in February 2016, Argus’ Joseph Bonner believes the current stock valuation “contrasts well with what could be a strong revenue and profit ramp over the next few years.” Bonner...

A high cost outlook from Western Digital Corp (NASDAQ: WDC) led to an 11+ percent selloff in shares on Friday, despite strong fourth-quarter results from the maker of hard disk drives. Argus believes the "selloff following management's cautious 1Q17 guidance provides investors with a favorable...

Argus has downgraded Skechers USA Inc (NYSE: SKX) to Hold from Buy on slowing U.S. revenue, which in turn suggests market saturation. "We are concerned about the sharp slowdown in Skechers' domestic revenue in 2016. In addition, we expect the company to be hurt by above-average inventories of...

Altria Group Inc (NYSE: MO) has raised its adjusted diluted EPS guidance for 2016, implying 7.5–9.6 percent growth from the 2015 levels. Argus’ David Coleman maintains a Buy rating on the company, while raising the price target from $71 to $73. The Positives “The company has a...

Major U.S. equity indices rose throughout July, but at the same time, bonds have also performed well. According to analysts at Argus Research, for the first time in seven months, the Barclays U.S. Aggregate Bond Index gained 4.6 percent. The question many investors are now asking is what is the...

On Wednesday, WEC Energy Group Inc (NYSE: WEC) reported an EPS of $0.58 vs. estimates of $0.56 and revenues of $1.6 billion vs. estimates of $2.06 billion. Argus' Take Argus' Jim Kelleher raised WEC Energy's price target from $65.00 to $70.00, while reiterating the company's Buy rating. Related...

Harley-Davidson Inc (NYSE: HOG) has lowered its sales and margin guidance for 2016. Argus’ David Coleman maintains a Hold rating on the company. Too Expensive For Younger Customers “Harley continues to face pressure from aggressive discounting by competitors and soft domestic demand,...

Argus said the second-quarter results of Google-owner Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) has put the investor debate about its relevance to mobile search and advertising to rest. Alphabet's second-quarter results beat consensus projections by 4 percent on the top line and by 5 percent on...

Amazon.com, Inc. (NASDAQ: AMZN) reported impressive 2Q16 results, with 31 percent sales growth. Argus’s Chris Graja maintained a Hold rating on Amazon, saying that the shares already reflect the company’s outstanding growth prospects. 2Q16 Results Amazon reported its quarterly...

Argus maintains its Buy rating and $55 price target on Abbott Laboratories (NYSE: ABT) after it posted better-than-expected second-quarter results. That said, the brokerage has concerns regarding the "heavy lift" required to complete and integrate two large acquisitions on the horizon: Alere Inc (...

Argus maintains its Buy rating on Danaher Corporation (NYSE: DHR), saying the company is set to deliver continued mid-single-digit core sales growth, which, along with acquisitions and margin expansion, has the potential to drive double-digit earnings growth over time. Recent Acquisitions And...