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Canadian Pacific Is Initiated At A Buy At Argus
Thursday, June 30, 2016 - 10:37am | 226Read More...Although tough economic conditions have kept top-line at Canadian Pacific Railway Limited (USA) (NYSE: CP) under significant pressure, a bottom seems to be nearing, and a business upturn may be expected in 2017, Argus’ Stephen Biggar said in a report. He initiated coverage of the company...
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Argus Downgrades Tesla Following 'Ill-Timed' SolarCity Bid
Tuesday, June 28, 2016 - 8:39am | 271Read More...On June 21, Tesla Motors Inc (NASDAQ: TSLA) announced its bid to acquire SolarCity Corp (NASDAQ: SCTY) in an all-stock transaction that valued the latter at about $2.6-$2.8 billion. Argus’ Bill Selesky on Tuesday downgraded the rating for Tesla from Buy to Hold, terming the acquisition bid...
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Abercrombie & Fitch Store Checks Show Weak Prospects For Sales Growth
Monday, June 27, 2016 - 12:17pm | 297Read More...Recent checks by Argus on Abercrombie & Fitch Co. (NYSE: ANF) stores suggest there is weak prospects for profitable sales growth amid intense competition and falling foot traffic at shopping malls. "Until comps recover, without significantly sacrificing gross margin, we are likely to...
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Will 2017 Bring Stronger Sales For Rio Tinto?
Monday, June 27, 2016 - 10:25am | 284Read More...Shares of Rio Tinto plc (ADR) (NYSE: RIO) came under significant pressure on Friday on Brexit news. Argus’ John Eade maintained a Buy rating for the company, with the price target at $36. The analyst commented that Rio Tinto’s long-term outlook was solid and the company appeared...
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Medtronic Seen As Fairly Valued At Argus
Monday, June 20, 2016 - 1:05pm | 330Read More...Medtronic PLC (NYSE: MDT) reported mixed results for 4Q16, while issuing new guidance for FY17. Argus’ David Toung maintained a Hold rating on the company. Toung believes the stock valuation fully reflects Medtronic’s growth outlook following the acquisition of Covidien in January...
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Argus Sees Perrigo Going Lower After CEO Exit, Guidance Cut
Monday, June 20, 2016 - 10:07am | 264Read More...Perrigo Company plc Ordinary Shares (NYSE: PRGO) shares have come under significant pressure after CEO Papa stepped down and the company reduced its guidance. Argus’ Jacob Kilstein downgraded the rating for Perrigo to Hold, citing the “resulting uncertainty over the company’s...
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Analysts Call Advance Auto CEO 'The Right Executive For The Job'
Monday, June 20, 2016 - 9:52am | 245Read More...There is now increased clarity related to the turnaround plan at Advance Auto Parts, Inc. (NYSE: AAP), Argus’ Chris Graja said in a report. He reiterated a Buy rating for the company, while reducing the price target from $200 to $185. Thoughts Around New CEO Advance Auto’s new CEO...
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NJR Blends Growing Dividends With Share Price Potential to Outperform
Monday, June 20, 2016 - 9:35am | 281Read More...New Jersey Resources Corp (NYSE: NJR) has several positives, which should enable the stock to outperform most other stocks in the gas distribution sector, Argus’ Gary Hovis said in a report. He reiterated a Buy rating for the company, while raising the price target from $40 to $42....
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Sun Life Financial Still Seeing Strong Results Despite Low Interest Rates
Friday, June 17, 2016 - 2:37pm | 303Read More...Argus analysts Jacob Kilstein and Casey Meyers have boosted the price target of Sun Life Financial Inc (NYSE: SLF) shares to $37.00 from $35.00. The analysts retained their rating of Buy on the stock. The brokerage thinks that its revised target implies a multiple of 12.8X to its 2016 EPS estimate...
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Following Jabil's Q3 Earnings, Argus is Cautious Short Term But Confident Long Term
Friday, June 17, 2016 - 11:37am | 474Read More...Jabil Circuit, Inc. (NYSE: JBL), which makes Apple Inc. (NASDAQ: AAPL) iPhone casings, reported slightly better-than-expected third-quarter results, albeit against low expectations. But, Argus is cautious in the near term despite bullish over long term. Recent Performance And Results The contract...
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QLogic Downgraded To Hold As Acquisition Deal Seems To Be Priced In
Friday, June 17, 2016 - 11:05am | 241Read More...As QLogic Corporation (NASDAQ: QLGC) shares are trading in Argus' former 12-month price target of $16, Argus' Jim Kelleher has downgraded the issue from a Buy rating to a Hold. Kelleher lowered his near-term rating on QLogic Corp to Hold while retaining his long-term Buy rating. The downgrade is in...
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D.R. Horton Shares Initiated With Buy Rating, $39 Target By Argus
Friday, June 17, 2016 - 10:46am | 292Read More...Argus launched coverage on D.R. Horton, Inc. (NYSE: DHI) shares with a Buy rating, citing company fundamentals and continued industry strength. The brokerage has a price objective of $39.00 on the stock. Argus analysts Stephen Biggar and Mike Jaffe said, "We believe that the housing market is still...
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Argus Downgrades ONEOK To Hold, Cites 'Strong Run Up'
Friday, June 17, 2016 - 9:29am | 267Read More...ONEOK, Inc. (NYSE: OKE) share price has surged nearly 95 percent since January, and Argus’ Stephen Biggar believes that the stock appears fully valued at the current levels. Biggar downgraded the rating on the company from Buy to Hold. Stock Valuation “In our view, the recent...
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Xcel's Fundamentals Continue To Improve And Impress, Says Argus
Wednesday, June 15, 2016 - 11:30am | 261Read More...Argus has raised the price target on the shares of Xcel Energy Inc (NYSE: XEL) by $2 to $48 (12 percent upside), saying the company's regulated business model will continue to drive EPS growth over the long-term, with shareholders benefiting from cash flow growth and an improving balance sheet. "We...
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Argus Is Bullish On Monsanto Regardless Of Merger Talk Outcome
Wednesday, June 15, 2016 - 9:03am | 307Read More...Argus’ Bill Selesky believes Monsanto Company (NYSE: MON) “continues to offer significant value to long-term investors, either as part of a larger conglomerate or as a standalone company.” Selesky maintains a Buy rating on the company, while raising the price target from $111 to...
