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Argus Downgrades Starwood Hotels To Sell, Says Investors Should Take Proceeds And Buy Priceline
Tuesday, March 8, 2016 - 8:56am | 274Read More...Argus’ John Staszak downgraded the rating for Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) to Sell, with a price target of $71, after the company agreed to be acquired by Marriott International Inc (NASDAQ: MAR) for $72.08 per share. The analyst noted that Starwood’s shares...
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Argus Lowers Palo Alto's PT To $205, Reiterates Long-Term Buy Rating
Wednesday, March 2, 2016 - 9:18am | 254Read More...Argus’ Joseph Bonner maintained a Buy rating for Palo Alto Networks Inc (NYSE: PANW), while reducing the price target from $227 to $205. He mentioned that Palo Alto’s growth is expected to be driven by the company’s superior technology, market share gains, sales of additional...
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Argus Downgrades General Motors, Warns 2016 Will Be Auto Market Peak
Monday, February 29, 2016 - 11:37am | 225Read More...Argus' Bill Selesky downgraded the rating on General Motors Company (NYSE: GM) from Buy to Hold. "Despite GM's recent strong performance, we are concerned that 2016 will be the peak of the current cycle for U.S. auto sales," Selesky mentioned. The analyst expects U.S. light vehicle sales in 2016...
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Argus Still Concerned With Impact Of Chipotle Outbreaks; Favors Starbucks
Wednesday, February 24, 2016 - 10:15am | 315Read More...Argus’ John Staszak maintained a Hold rating for Chipotle Mexican Grill, Inc (NYSE: CMG) stating that the company’s image had been tarnished by a spate of food safety issues. He recommended Buy rated Starbucks Corporation (NASDAQ: SBUX) for investors seeking large-cap restaurant...
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Argus Upgrades Deere To Buy On Potential Margin Rebound
Wednesday, February 24, 2016 - 9:50am | 315Read More...Argus has upgraded Deere & Company (NYSE: DE) to Buy from Hold, saying that the company's margins will rebound in the next 2-3 years. As a global manufacturing company, Deere is affected by trends in exchange rates and commodities, and those may be nearing their inflection points....
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Argus: Teva Worth $75
Thursday, February 18, 2016 - 11:34am | 264Read More...Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) shares have declined 16.09 percent over the past six months, ending Wednesday's session at $57.70. Argus’ Jacob Kilstein has maintained a Buy rating on the company, while lowering the price target from $82 to $75. Kilstein...
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Argus Sees Friendly Waters In China For Royal Caribbean
Wednesday, February 17, 2016 - 10:12am | 328Read More...Despite a 16-point share price crash two weeks ago after the company fell short on fourth-quarter revenue, Argus is bullish on Royal Caribbean Cruises Ltd (NYSE: RCL). Argus analyst John Staszak said the cruise line is “on track” to double its 2014 earnings and make a return on its...
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Argus Upgrades Intercontinental Exchange To Buy
Wednesday, February 17, 2016 - 10:02am | 333Read More...Shares of Intercontinental Exchange Inc (NYSE: ICE) have appreciated 2 percent over the past one year, reaching a high of $266.94 on February 1. Argus’ Stephen Biggar has upgraded the rating on the company from Hold to Buy, with a price target of $270. Biggar believes the selloff...
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Twitter Has 'Deep Value' If You Can Tolerate Risk, Argus Analyst Says
Friday, February 12, 2016 - 11:24am | 299Read More...Shares of Twitter Inc (NYSE: TWTR) have declined 36 percent since January 4 this year. Argus’ Jim Kelleher reiterated a Buy rating on the company, while reducing the price target from $45 to $24. Relative underperformance in Twitter shares has created an attractive entry point, but...
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Argus: LinkedIn At Rock Bottom, Still Worth $190
Monday, February 8, 2016 - 10:02am | 274Read More...LinkedIn Corp (NYSE: LNKD) shares plummeted 44 percent on February 5. Argus’ Joseph Bonner maintained a Buy rating for the company, while reducing the price target to $190. Bonner believes that LinkedIn is a growth stock and that the selloff appears overdone. “The Street...
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Wall Street Analyst Upgrades Comcast To Buy Amid 'Unfair' Billing Complaints On Capitol Hill
Monday, February 8, 2016 - 8:44am | 324Read More...Comcast Corporation (NASDAQ: CMCSA) shares are down 4 percent since November 9. Argus’ Joseph Bonner upgraded the rating for the company to Buy, while establishing a price target of $72. The company’s strong 4Q subscriber metrics indicate that concerns are overblown, Bonner...
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Argus' John Staszak Double-Upgrades Mattel To Buy From Sell
Thursday, February 4, 2016 - 10:16am | 266Read More...The share price of Mattel, Inc. (NASDAQ: MAT) appreciated 41.09 percent over the past six months, rising to a high of $31.76 on February 3. Argus’ John Staszak has upgraded the rating on the company from Sell to Buy, with a price target of $38. Staszak believes that the robust...
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Argus: Amazon 'Fully Valued,' Worth Buying If It Falls To Low $500s
Monday, February 1, 2016 - 10:45am | 296Read More...Amazon.com, Inc (NASDAQ: AMZN) shares have gained 7 percent since August 3. Argus’ Joseph Bonner maintained a Hold rating for the company. While Amazon continues to have strong fundamentals and a competitive edge, its shares are fully valued at present, Bonner stated. Analyst...
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Why Facebook Has Successfully Transitioned From Desktop To Mobile
Friday, January 29, 2016 - 12:35pm | 356Read More...Facebook Inc (NASDAQ: FB) posted phenomenal Q4 2015 results to the tune of a 52 percent increase in revenue and a 46 percent increase in non-GAAP diluted EPS. Additional data from the Q4 report came in positive as well, including advertising revenue increase of 57 percent year-over-year, which...
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Argus Downgrades US Steel: Here's Why
Thursday, January 28, 2016 - 11:31am | 246Read More...Shares of United States Steel Corporation (NYSE: X) have declined 71.5 percent over the past year, almost touching their 52-week low on Wednesday at $6.67. Argus’ David Coleman has downgraded the rating on the company to Hold. The downgrade is based on the weak outlook for 2016,...
