-
Expecting Continued Low Oil Prices, Argus Maintains Hold Rating On Tidewater
Friday, July 8, 2016 - 10:15am | 222Read More...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...
-
Argus Downgrades Hershey To Hold; Maintains 5-Year Recommendation At Buy
Tuesday, July 5, 2016 - 8:49am | 327Read More...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...
-
Argus Research Still Forecasting A Loss For Chesapeake Energy
Wednesday, June 22, 2016 - 2:59pm | 245Read More...David Coleman of Argus Research still expects Chesapeake Energy Corporation (NYSE: CHK) to report a loss in 2016 due to weakness in commodity prices. Coleman maintains his 2016 loss forecast of $0.36 per share and sees only modest earnings in 2017. The analyst projects 2017 adjusted earnings...
-
Argus Still Bullish On Gentherm, Lowers Estimates And Price Target
Tuesday, June 14, 2016 - 1:27pm | 242Read More...Argus analyst David Coleman remained bullish on Gentherm Inc (NASDAQ: THRM) with a Buy rating. However, the analyst lowered his estimations and the price target to $44. In a note to clients, Coleman wrote, "We expect Gentherm to post solid sales and earnings this year, as more automotive...
-
Argus Downgrades Noble Corp, Sees Weak Outlook Ahead
Saturday, May 21, 2016 - 4:29pm | 373Read More...Argus analyst David Coleman downgraded Noble Corporation Ordinary Shares (UK) (NYSE: NE) shares to a Hold Rating from Buy, citing a weak outlook. The analyst believes that while the company should continue to gain from its fleet of high-spec rigs, he sees a further drop in offshore drilling...
-
Argus: First Solar Is The Best-Positioned Company In Solar
Wednesday, May 18, 2016 - 8:34am | 342Read More...First Solar, Inc. (NASDAQ: FSLR) reported a revenue decline for 1Q16, but raised the EPS guidance for 2016. Argus' David Coleman maintained a Buy rating for the company, while slashing the price target from $90 to $66. The analyst expects First Solar’s results to be volatile on a q/q...
-
Transocean Outlook Still 'Challenging,' Argus Analyst Says
Thursday, March 10, 2016 - 12:28pm | 248Read More...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 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,...
-
Argus Downgrades Alcoa, Sees Weak Near-Term Earnings
Thursday, January 14, 2016 - 10:37am | 330Read More...The share price of Alcoa Inc (NYSE: AA) has declined 55.8 percent over the past one year, touching a low of $7.13 on January 13. Argus’ David Coleman has downgraded the rating on the company from Buy to Hold. Coleman believes that although the stock offers value, earnings...
