Argus

Argus remains concerned with the "large hole" in Microsoft Corporation (NASDAQ: MSFT)'s product line left by the slow demise of the Windows phone. "Without a clear mobile strategy, Microsoft again risks falling behind nimbler competitors," analyst Joseph Bonner wrote in a note. Argus reiterated its...

Argus said the recent weakness in the shares of Union Pacific Corporation (NYSE: UNP) offers a buying opportunity. Underperformance Union Pacific shares have modestly underperformed the market over the past quarter, rising 2.7 percent versus 3.9 percent gain for the S&P 500. Compared to the...

Argus analyst Stephen Biggar has raised the estimates and target price on Visa Inc (NYSE: V) after it reported better-than-expected third-quarter earnings. The company's third-quarter adjusted EPS of $0.69, down 7 percent from $0.74 a year earlier, but $0.03 ahead of the consensus as both payment...

Johnson & Johnson (NYSE: JNJ) reported strong 2Q16 results on July 19, while issuing upbeat guidance for the remainder of the year. Argus’ David Toung maintains a Buy rating on the company, while raising the price target from $130 to $145. Robust Results “The strong second-quarter...

Netflix, Inc. (NASDAQ: NFLX) shares declined 14 percent after market close on July 18 following the disappointing 2Q16 member additions, which missed the already weak guidance. Argus’ Joseph Bonner reiterated a Hold rating on the company. Cash Burn “We expect higher costs for new...

EMC Corporation (NYSE: EMC) shareholders have voted, on a preliminary basis, very strongly in support of the acquisition of the company by Dell Inc. and its associates. Argus’ Jim Kelleher reiterated a Hold rating on EMC Corp. “The future brand for the newly combined entity will be Dell...

Lockheed Martin Corporation (NYSE: LMT) reported another quarterly earnings beat and raised its guidance; and could announce another upward revision to their forecasts as the year progresses, Argus’s John Eade said in a report. He maintained a Buy rating on the company, while raising the...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up an impressive 3.2 percent so far in July, but that strength comes as no surprise to Argus. The Wall Street adage “sell in May and go away” is a testament to the market’s historical weakness throughout the summer months. However,...

At a time when Wall Street is cheering Seagate Technology PLC (NASDAQ: STX) for raising its fourth-quarter outlook, Argus cautioned about the outlook for FY17 and the near-term prospects for shares. "Once the preholiday building period subsides, Seagate's HDD business will likely face renewed...