Argus

Argus’ Christopher Graja continues to see “strong industry fundamentals, which are highlighted by an aging car population, low gasoline prices and increasing miles driven per car.” Graja reiterated a Buy rating on AutoZone, Inc. (NYSE: AZO), with a price target of $875. Aging...

Argus’ David Coleman expects the low oil prices to persist, along with continued weak demand in the offshore drilling market. Coleman maintains a Hold rating on Tidewater Inc. (NYSE: TDW). Tough Times Ahead “We expect further downward pressure on vessel day rates and margins in the near...

Lions Gate Entertainment Corp. (USA) (NYSE: LGF) intends to acquire premium cable network company, Starz (NASDAQ: STRZA) in a cash and stock deal worth a total enterprise value of $4.4 billion. Argus’ Joseph Bonner reiterated a Buy rating on Lions Gate Entertainment, with a price target of $...

Western Digital Corp (NASDAQ: WDC) raised its fiscal fourth-quarter guidance and announced its chief strategy office would be assuming the role of CFO in September 2016. Argus’ Jim Kelleher reiterated a Buy rating on the company, with a price target of $60. Guidance Raised “Western...

In its Tuesday publication, Argus provided the analysis of several asset classes and top picks. Equities The analysts believe large-cap stocks represent better value compared to small caps based on estimated trends in P/E, P/S and dividend yields, stating the firm's 15 percent small- and mid-caps...

Argus’ Christopher Graja believes Costco Wholesale Corporation's (NASDAQ: COST) “financial strength and ability to deliver ‘extreme values’ are key differentiators for the stock in the current market environment.” Graja maintains a Buy rating on the company, with a...

Argus has started coverage of Lennar Corporation (NYSE: LEN), the second-largest homebuilder in the United States based on unit sales, with a Buy rating and price target of $59, implying a potential upside of 27 percent from Friday's close. "Although sales of new homes are on track to grow for the...

Although shares of M.D.C. Holdings, Inc. (NYSE: MDC) are currently trading near their fair value, the dividend yield of about 4.1 percent is higher than most peers and “provides incentive to hold the shares,” Argus’ Chris Graja said in a report. He maintained a Hold rating for...

Unlike several US electric utilities, Edison International (NYSE: EIX) has been able to grow its annual operating revenues faster than the peer average, Argus’ Gary Hovis said in a report. He maintained a Buy rating for the company, while raising the price target from $83 to $86. Analyst...

Hershey Co (NYSE: HSY) has unanimously rejected the $23 billion purchase offer from Mondelez International Inc (NASDAQ: MDLZ). Argus’ David Coleman downgraded the rating on Hershey from Buy to Hold. Stock Surged On Rejection Hershey’s share price spiked on the news of rejection to an...

CenterPoint Energy, Inc. (NYSE: CNP) shares have appreciated 15.2 percent over the last three months, as compared to the 2.2 percent rise for the S&P 500. Argus’ Gary Hovis reiterated a Buy rating on the company, while raising the price target from $26 to $28. Dividend Yield The company...

Royal Bank of Canada (NYSE: RY) shares have performed strongly over the past quarter, rising 21.1 percent, as compared to the 6.5 percent rise in the S&P 500. Argus’ Stephen Biggar initiated coverage of the company with a Buy rating and price target of $69. Robust Performance The company...

The Brexit vote caught U.S. investors completely off guard and threatens to be a drag on corporate earnings for years to come. Yet, after an initial steep selloff, the SPDR S&P 500 ETF Trust (NYSE: SPY) has rebounded and is now down less than 1 percent since the news. What’s going on here...