Argus

Macy's, Inc. (NYSE: M) shares came under pressure after the company’s 1Q results indicated a significant slowdown in sales in March. Argus’ Chris Graja Cutting maintained a Hold rating for the company, saying that although management is making good strategic decisions, there are...

Shares of Caterpillar Inc. (NYSE: CAT) have outperformed the overall market in the last three months. Argus’ John Eade upgraded the rating for the company to Buy, with a price target of $92. The analyst noted that Caterpillar’s business has begun to improve, albeit slowly, and its...

Shares of Duke Energy Corp (NYSE: DUK) have gained 11 percent year-to-date. Argus’ Gary Hovis downgraded the rating for the company from Buy to Hold, citing valuation as the reason, since the company’s shares are now trading at a price less than 10 percent from the former price target...

Novartis AG (ADR) (NYSE: NVS) shares have been on a downturn in 2016, and have lost 17 percent year-to-date. Argus’ John Eade initiated coverage of Novartis with a Hold rating, saying that there would have to be signs of growth, driven by the company’s strong drug pipeline, or a...

Shares of Ameren Corp (NYSE: AEE) have climbed 15 percent year-to-date. Argus downgraded the rating for the company to Hold, citing valuation. The price target of $52 was removed. Ameren is scheduled to report 1Q16 results on May 5. Argus has lowered its EPS estimate for 2016 from $2.75 to $2....

Although Illumina, Inc. (NASDAQ: ILMN) has a track record of double-digit growth, its EPS has come under pressure in recent quarters. The leading biotech services company is also preparing for a senior management transition. Argus’ John Eade initiated coverage of Illumina with a Buy...

Argus’ John Eade initiated coverage of Rio Tinto plc (ADR) (NYSE: RIO) with a Buy rating and price target of $36. Commodity Price Weakness “Although we expect commodity price weakness to weigh on Rio Tinto’s results in the near term, we look for improved industry fundamentals...

Tesla Motors Inc (NASDAQ: TSLA) shares are having a green Monday after an upgrade from Argus analyst Bill Selesky to Buy. Amid the analyst's growth and revenue outlook, he also gave an interesting look into Tesla's financial stability. "We rate TSLA's financial strength as Medium, the middle rank...

Argus’ Bill Selesky upgraded the rating for Barrick Gold Corporation (USA) (NYSE: ABX) from Hold to Buy, while setting a price target of $18 and citing improving fundamentals of the gold industry. Barrick Gold’s shares have appreciated 89 percent, versus a gain of merely 1.8 percent...

Argus analyst David Coleman said the outlook for Transocean LTD (NYSE: RIG) remains "challenging," as he is concerned that the company is more exposed than peers to deteriorating conditions in the offshore drilling market. Transocean, the world's largest offshore contract drilling...

Argus’ Jacob Kilstein reiterated a Buy rating on Metlife Inc (NYSE: MET), while lowering the price target from $62 to $54. “Our rating reflects the stock’s attractive valuation, as well as the company’s global initiatives and efforts to return cash to shareholders,...