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Argus Downgrades Blackhawk Network Following Rally Triggered By Go-Private Announcement
Wednesday, April 25, 2018 - 12:24pm | 343Blackhawk Network Holdings Inc (NASDAQ: HAWK) announced a going-private transaction where it will be acquired by private equity firms Silver Lake and P2 Capital for $3.5 billion or $45.25 per share. With shares trading up since the Jan. 15 announcement and inching close to Argus' prior price...
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Argus Cites Disappointing Organic Growth In Procter & Gamble Downgrade
Friday, April 20, 2018 - 10:09am | 463Procter & Gamble Co (NYSE: PG) reported fiscal third-quarter earnings Thursday that exceeded the Street's expectations but also reaffirmed disappointing organic growth rates, according to Argus. The Analyst Argus' John Staszak downgraded Procter & Gamble's stock rating from...
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Walmart: 3 Reasons Why Argus Is Turning Bullish
Thursday, April 19, 2018 - 12:37pm | 453Shares of Walmart Inc (NYSE: WMT) are now attractive after falling 20 percent from their 2018 highs, according to Wall Street's newest bull analyst. The Analyst Argus analyst Chris Graja upgraded Walmart's stock rating from Hold to Buy with a new $100 price target. The Thesis The...
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Argus Downgrades Monsanto After DOJ Blesses Bayer Merger
Monday, April 16, 2018 - 10:45am | 363The U.S. Department of Justice's move to approve German pharma company Bayer AG's acquisition of U.S.-based Monsanto Company (NYSE: MON) prompted at least one Wall Street analyst to turn bearish on the stock. The Analyst Argus' Bill Selesky downgraded Monsanto's stock rating...
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Argus Expects Solid Returns From Insurer Chubb, But Says Shares Are Fairly Valued
Friday, April 6, 2018 - 3:29pm | 346Specialty insurer and reinsurer Chubb Ltd (NYSE: CB), formed from ACE Ltd.'s acquisition of Chubb Corp. in January 2016, is poised to generate solid returns over time, thanks to a "strong management team, healthy balance sheet and strong brand," according to Argus. The...
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Analysis: Neither Trump Nor Congress Can Do Much To Alter Amazon's Post Office Rates
Wednesday, April 4, 2018 - 3:31pm | 745Amazon.com, Inc. (NASDAQ: AMZN) stock has been under heavy selling pressure after President Donald Trump repeatedly bashed the company for what he said is favorable tax treatment and USPS subsidies. Despite investor concerns about new regulations, Wall Street analysts said Trump’s tweets are...
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Harris Will Benefit From A 'Substantial Increase' In Military Spending, Argus Says
Wednesday, April 4, 2018 - 1:19pm | 304President Donald Trump's commitment to support the U.S. military bodes well for Harris Corporation (NYSE: HRS), according to Argus. The Analyst Argus' Mike Jaffe initiated coverage of Harris' stock with a Buy rating and $196 price target. The Thesis Harris, a provider of...
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Argus Cites Cardinal Health's Margin Improvements In Upgrade
Monday, April 2, 2018 - 1:52pm | 372Cardinal Health Inc (NYSE: CAH) showed an improvement in gross margin in its fiscal second-quarter earnings report, and investors should have confidence in the company's ability to drive even more expansion, according to Argus. The Analyst Argus' David Toung upgraded...
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Keep On Truckin': Argus Expects JB Hunt To Gain Market Share
Tuesday, March 20, 2018 - 1:03pm | 425J B Hunt Transport Services Inc (NASDAQ: JBHT), a transport services company that offers freight solutions across the U.S., Canada and Mexico, spent the better part of the past decade adapting its business to changes in customer demand, something Wall Street's newest bull analyst appreciates....
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NutriSystem Hit With Downgrade On 'Weaker Near-Term Growth Prospects'
Tuesday, March 20, 2018 - 9:28am | 321NutriSystem Inc. (NASDAQ: NTRI) announced below-consensus fourth-quarter earnings per share on Feb. 26 and also issued downbeat earnings and revenue forecasts for 2018. The Analyst Argus analyst John Staszak downgraded NutriSystem from Buy to Hold. The Thesis This year is likely to be one of...
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Pullback in 'Financially Disciplined' Thor Industries Creates Entry Point, Argus Says In Upgrade
Friday, March 16, 2018 - 11:15am | 364Recreational vehicle manufacturer Thor Industries, Inc. (NYSE: THO) is a "financially disciplined" company, and its undervalued shares offer a reason to buy the stock, according to Argus. The Analyst Analyst Jim Kelleher upgraded shares of Thor Industries from Hold to Buy with a...
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The Bull Market Turns 9 Years Old
Friday, March 9, 2018 - 8:28am | 603The current bull market turned nine years old Friday, and it seems appropriate to take a look back and see how far stocks have come since the S&P 500 hit a Financial Crisis low of 676.53 on March 9, 2009. The S&P itself has more than tripled in value, up about 207 percent in those six years...
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Data Analytics Firm Splunk Has Discounted Valuation, Takeout Appeal, Argus Says In Upgrade
Thursday, March 8, 2018 - 12:13pm | 400Splunk Inc (NASDAQ: SPLK)'s stock is up nearly 70 percent over the past year, but is still trading at a discount to its peers, according to Argus. The Analyst Argus' Joseph Bonner upgraded Splunk's stock rating from Hold to Buy with a $120 price target. The Thesis Splunk is...
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Argus: Booking Holdings Has 20% Upside Potential
Thursday, March 8, 2018 - 10:50am | 356Booking Holdings Inc. (NASDAQ: BKNG), formerly Priceline.com, is likely to maintain its position as the leading online travel agency through continued investments in marketing and advertising, an analyst at Argus said. The Analyst Argus analyst John Staszak upgraded shares of Booking Holdings...
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Argus Upgrades Quest Diagnostics, Cites Several Key Catalysts
Wednesday, March 7, 2018 - 3:18pm | 344Quest Diagnostics Inc (NYSE: DGX) has a number of bullish catalysts on the horizon, enough for one Wall Street analyst to upgrade the stock. The Analyst Argus analyst Jasper Hellweg upgraded Quest from Hold to Buy and set a $116 price target for the stock. The Thesis Quest simply has too strong...