Argus

Argus maintains its Hold rating on PNC Financial Services Group Inc (NYSE: PNC) following the 2Q earnings results announcement on July 15. PNC reported 2Q16 earnings of $1.82 per share, down from $1.88 in the year-earlier quarter, but $0.07 ahead of the consensus. Net income declined 7 percent,...

Argus reiterated its Hold rating on Progressive Corp (NYSE: PGR), stating the company's shares are fairly valued at current prices near $33. The analysts lowered their 2016 EPS estimate to $1.85 from $1.91 and maintained the 2017 estimate of $2.13. This decision was followed by a disappointing 2Q...

Argus changed its EPS estimates for Citigroup Inc (NYSE: C) following the second-quarter earnings release. In its Market Digest published Monday, the analysts lowered their 2016 EPS estimate to $4.72 from $5.00 and 2017 estimate to $5.34 from $5.80. Citi reported adjusted 2Q16 EPS of $1.24, which...

After a rough start to 2016, stock indices continue trading at or near historical all-time highs, which has investors asking: Will the rally continue? Analysts at Argus certainly think that the rally is real and sustainable. In a report published Monday, analysts at Argus explained the bullish case...

Argus maintained its Hold rating on Staples, Inc. (NASDAQ: SPLS), as it expects the company to face intense competition and declining sales of core office supplies in an increasingly digital world. Recent Performance And Justification However, Argus believes management has been systematically...

Argus commented on JPMorgan Chase & Co. (NYSE: JPM)'s second-quarter earnings results in its market digest published Friday. JPMorgan reported 2Q16 EPS of $1.55 on July 14, up from $1.54 a year earlier and $0.12 above consensus. "EPS topped the consensus forecast by $0.12, likely reflecting...

Argus raised its EPS estimates and price target for PepsiCo, Inc. (NYSE: PEP) in its Market Digest out Wednesday. The analysts highlighted key drivers for this decision, including: PepsiCo is in its second year of a five-year, $5 billion productivity improvement program that will run from 2015...

Ventas, Inc. (NYSE: VTR) shares have performed strongly over the past year and appear fully valued at present. However, Argus’ Jacob Kilstein prefers to wait for a non-fundamental pullback to become more constructive on the stock. Kilstein initiated coverage of the company with a Hold rating...

While the transformative restructuring being undertaken by Alcoa Inc (NYSE: AA) appears to be promising in the long term, the company’s near-term earnings are expected to be under pressure, Argus’ David Coleman said in a report. He maintained a Hold rating on the company, saying that...

AstraZeneca plc (ADR) (NYSE: AZN) shares are currently trading at a discount to the S&P 500 Pharma companies, which Argus’ Stephen Biggar views as warranted, given the earnings challenges being faced by the company due to its current business transition. Biggar initiated coverage of the...

NiSource Inc. (NYSE: NI) shares have appreciated 50 percent over the past 12 months, despite the various management changes, which Argus’ Jim Kelleher believes demonstrates “strong investor confidence in the company.” Kelleher maintains a Hold rating on the company. Stock Fully...

Argus’ David Coleman believes Suburban Propane Partners LP (NYSE: SPH) “faces structural headwinds, as propane usage has become less attractive relative to other fuel sources, such as low-cost natural gas.” Coleman maintains a Hold rating on the company. Growth Via Acquisitions...

The long-term economic impact of the Brexit is still a topic of hot debate on Wall Street, but Argus believes the Brexit is about to take a backseat to Q2 earnings season in the minds of U.S. investors. Alcoa Inc (NYSE: AA) is set to kick off earnings season on Monday, and Argus believes U.S....