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Spectra Energy Merger With Enbridge Seen Favorably By Argus
Monday, September 26, 2016 - 11:35am | 275Read More...Argus is positive on Spectra Energy Corp. (NYSE: SE) following its deal to merge with Enbridge Inc (USA) (NYSE: ENB) in a stock-for-stock deal worth $28 billion as it would create the "the largest energy infrastructure company in North America." The consideration to receive is valued...
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Expecting Continued Pressure On Oil Prices, Argus Maintains A Hold On Nabors Industries
Friday, September 23, 2016 - 12:52pm | 151Read More...Argus maintained its Hold rating on Nabors Industries Ltd. (NYSE: NBR) as it expects crude oil prices to remain low, while anticipating reduced drilling activity over the next several quarters. "We expect this oilfield services company to post an adjusted loss in both 2016 and 2017,"...
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Packaging Corp Looking Favorably Valued, Argus Lifts Price Target To $84
Friday, September 2, 2016 - 9:21am | 357Read More...Packaging Corp Of America (NYSE: PKG) announced a 15 percent hike in its quarterly dividend. Although Packaging Corp’s shares have outperformed over the past three months, the stock appears favorably valued relative to peers, Argus’s David Coleman said in a report. He maintained a Buy...
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Noble Cut To Sell By Argus, Balance Sheet Said To Have Deteriorated
Wednesday, August 10, 2016 - 1:29pm | 225Read More...Argus downgraded Noble Corporation Ordinary Shares (UK) (NYSE: NE) to Sell from Hold on declining offshore drilling activity and balance sheet concerns. Analyst David Coleman noted that Noble continues to be pressured by a drop in offshore drilling activity, and has been hurt by lower fleet...
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Argus Upgrades Chemours On Significant Competitive Advantages
Wednesday, August 10, 2016 - 11:55am | 162Read More...Argus's David Coleman upgraded Chemours Co (NYSE: CC) to Buy with a $13.00 price target. "We believe that Chemours has significant competitive advantages based on its large size, vertically integrated structure, and broad geographic reach," said Coleman. The company had shown...
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If Kellogg Can Show Signs Of a Sustainable Turnaround, Argus Would Consider An Upgrade
Friday, August 5, 2016 - 8:15am | 326Read More...Kellogg Company’s (NYSE: K) 2Q performance indicated weak sales in almost every segment, and the operating environment in North America remains challenging, Argus’s David Coleman said in a report. He maintained a Hold rating on the company, while reducing the estimates for 2016....
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Vulcan Materials Shares Punished Following Earnings; Argus Says Selloff Was Overdone
Wednesday, August 3, 2016 - 12:14pm | 269Read More...Argus said the recent selloff in Vulcan Materials Company (NYSE: VMC) shares following its lower-than-expected Q@ earnings was overdone. The firm maintained its Buy rating on the stock with a target price of $129. Vulcan reported adjusted earnings of $0.90 per share, up from $0.65 a year...
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Altria Group: Strong Balance Sheet, Attractive Dividend And Top-Selling Brands
Monday, August 1, 2016 - 11:06am | 379Read More...Altria Group Inc (NYSE: MO) has raised its adjusted diluted EPS guidance for 2016, implying 7.5–9.6 percent growth from the 2015 levels. Argus’ David Coleman maintains a Buy rating on the company, while raising the price target from $71 to $73. The Positives “The company has a...
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Harley-Davidson's High Price Tag May Be Driving Off Younger Customers
Monday, August 1, 2016 - 9:54am | 356Read More...Harley-Davidson Inc (NYSE: HOG) has lowered its sales and margin guidance for 2016. Argus’ David Coleman maintains a Hold rating on the company. Too Expensive For Younger Customers “Harley continues to face pressure from aggressive discounting by competitors and soft domestic demand,...
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US Steel Raised To Buy At Argus On Strong Momentum
Thursday, July 28, 2016 - 1:45pm | 276Read More...Argus has upgraded United States Steel Corporation (NYSE: X) to Buy from Hold, with $30 target price, on strong momentum. "We expect U.S. Steel to benefit from margin improvement, new tariffs on imported steel, and a stable to falling dollar, and to return to profitability sooner than we...
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More Saying 'Aloha' To Hawaii Earns Airline An Upgrade From Argus
Tuesday, July 26, 2016 - 3:18pm | 294Read More...Argus upgraded Hawaiian Holdings, Inc. (NASDAQ: HA) to Buy from Hold after strong demand for flights to Hawaii and low fuel costs led the airline to nearly double its second quarter earnings. "The company is also benefiting from limited capacity growth on Hawaii-to-West Coast flights, as...
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Southwest Airlines Downgraded By Argus Following Earnings Miss
Monday, July 25, 2016 - 3:23pm | 291Read More...Southwest Airlines Co. (NYSE: LUV) reported its Q2 results, with the earnings per share missing the consensus. David Coleman of Argus Research in a report expressed concern that the miss was driven by a rise in fuel costs. Coleman downgraded the rating on the company from Buy to Hold....
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A 'Well-Managed' Airline: Argus Reiterates Buy On Delta
Friday, July 15, 2016 - 10:32am | 246Read More...Delta Air Lines, Inc. (NYSE: DAL) reported 2Q earnings ahead of the consensus estimate. Argus’s David Coleman reiterated a Buy rating on Delta, with a price target of $60, saying that the company was benefiting from solid industry fundamentals, including “relatively low fuel costs,...
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Alcoa's Near-Term Earnings Are The Problem
Wednesday, July 13, 2016 - 10:16am | 265Read More...While the transformative restructuring being undertaken by Alcoa Inc (NYSE: AA) appears to be promising in the long term, the company’s near-term earnings are expected to be under pressure, Argus’ David Coleman said in a report. He maintained a Hold rating on the company, saying that...
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Low Natural Gas Prices Are A Headwind For Suburban Propane
Monday, July 11, 2016 - 10:23am | 267Read More...Argus’ David Coleman believes Suburban Propane Partners LP (NYSE: SPH) “faces structural headwinds, as propane usage has become less attractive relative to other fuel sources, such as low-cost natural gas.” Coleman maintains a Hold rating on the company. Growth Via Acquisitions...
