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Argus Upgrades Wynn Resorts To Buy, Praises The Wynn Palace In Macau
Wednesday, April 5, 2017 - 8:26am | 284"Despite stiff competition, results at the Wynn Palace in Macau, which opened in August 2016, have shown consistent improvement, with occupancy and room rates both rising in the fourth quarter,” Argus’ John Staszak said in a note. The analyst upgraded the rating on Wynn Resorts,...
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Nike Gets Its First Downgrade Of 2017
Tuesday, April 4, 2017 - 8:16am | 342Nike Inc (NYSE: NKE) reported its fiscal 2017's third-quarter EPS ahead of expectations. The company’s revenue and EPS growth will likely decelerate over the next 12 months due to competition, Argus’s John Staszak said in a report. Citing elevated levels of international inventories and...
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Fewer Casino Openings, Weaker Powerball Sales Make International Game Tech A Riskier Bet This Year
Friday, March 24, 2017 - 2:32pm | 341International Game Technology Ordinary Shares (NYSE: IGT) may no longer be worth the gamble for investors. Argus analyst John Staszak has downgraded the stock to Hold due to a number of near-term headwinds the firm has identified in the gaming equipment market. The company’s recent 2017...
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Cracks Appear In Cracker Barrel's Bull Thesis
Tuesday, March 21, 2017 - 11:54am | 338Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) reported its fiscal second-quarter 2017 revenue short of expectations and lowered its full-year guidance. Customer traffic at Cracker Barrel could continue to be soft and same-store sales growth would likely decelerate over the next several...
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Legal Issues On Chicken Pricing Pluck Buy Rating Away From Tyson Foods
Thursday, March 16, 2017 - 11:28am | 371Analysts at Argus downgraded Tyson Foods, Inc. (NYSE: TSN) to Hold from Buy with no assigned price target. The analysts, led by John Staszak, noted the downgrade was justified despite the company's strong fiscal first quarter results. In fact, the downgrade is directly a result of an ongoing...
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Analyst: Chipotle's Food Safety Issues Are Only Temporary
Wednesday, February 22, 2017 - 12:08pm | 360Chipotle Mexican Grill, Inc. (NYSE: CMG) reported its fourth-quarter 2016 EPS at $0.55, missing the consensus and down from the EPS of $2.17 in fourth-quarter 2015. Argus’ John Staszak maintains a Hold rating on the company. Food Safety Issues “Chipotle’s reputation — and...
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Smooth Sailing: Royal Caribbean Upgraded To Buy At Argus
Monday, January 30, 2017 - 11:11am | 242Argus has upgraded Royal Caribbean Cruises Ltd (NYSE: RCL) to Buy from Hold on strong market opportunities and few competitors. Upgrade And Justification The upgrade came after Royal Caribbean, the No. 2 cruise line, reported better-than expected quarterly earnings. Lower-than-expected net cruise...
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Darden's Next Quarterly Results Will Top Other Casual-Dining Chains
Thursday, January 5, 2017 - 10:04am | 211Argus’ John Staszak believes Darden Restaurants, Inc. (NYSE: DRI) shares appear favorable, and the company is among the best managed casual dining companies in Argus’ coverage universe. Staszak upgraded the rating on Darden Restaurants from Hold to Buy, with a price target of $88....
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Cracker Barrel's 10 Straight Quarters Of Higher Comps Led Argus To Upgrade
Thursday, December 1, 2016 - 10:45am | 330Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) has reported higher comp sales for the past 10 successive quarters. Argus’ John Staszak upgraded the rating on the company from Hold to Buy, with a price target of $190. Improvements Expected Staszak believes the company’s “...
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Argus: Buy Wendy's On Sale Of Company-Owned Restaurants
Friday, November 25, 2016 - 11:24am | 318Argus’ John Staszak believes Wendys Co (NASDAQ: WEN) has “revitalized its brand over the last three years by selling more than 800 company owned restaurants.” Staszak upgraded the rating on the company from Hold to Buy, with a price target of $15. Store Sales The analyst mentioned...
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Argus Upgrades Shareholder-Friendly Cheesecake Factory To A Buy
Tuesday, November 15, 2016 - 12:25pm | 282Cheesecake Factory Inc (NASDAQ: CAKE) reported year-over-year same-store-sales growth for the 27th consecutive quarter. Shares could attract investors going forward “given the company’s record of dividend hikes and share repurchases, and ability to open new stores while also generating...
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Come On, Barbie, Let's Go Party! Mattel Still In The Early Stages Of Its Turnaround
Friday, October 21, 2016 - 1:33pm | 330Argus maintains its Buy rating and $38 target price on Mattel, Inc. (NASDAQ: MAT) as it still believes the company is in the early stages of its turnaround under new CEO Christopher Sinclair. According to the brokerage, the company has improved marketing and business execution under the new...
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Procter & Gamble Looking Lean, Mean And More Profitable
Wednesday, October 12, 2016 - 10:58am | 367Argus upgraded shares of Procter & Gamble Co (NYSE: PG) from a Hold to a Buy rating and established a target price of $103, implying more than a 15 percent upside potential from the current levels. Analyst John Staszak pointed out that the company exited less profitable brands and focused on...
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MGM Looking Like A Good Bet On Signs Of Improving Landscape In Macau, Solid Growth In Vegas
Thursday, October 6, 2016 - 1:12pm | 339MGM Resorts International (NYSE: MGM) could continue to benefit from positive growth trends in its two biggest markets. Argus analyst John Staszak has upgraded MGM from Hold to Buy based on solid Las Vegas numbers and a potential rebound in the Macau market headed into 2017. According to Staszak,...
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Argus Downgrades Campbell Soup To Hold Citing Weak Near-Term Outlook
Monday, September 19, 2016 - 8:00am | 314Although Campbell Soup Company (NYSE: CPB) has been making efforts to focus on healthier foods, growth in the Campbell Fresh division is expected to be slow, Argus’s John Staszak stated in a report. He downgraded the rating on Campbell Soup from Buy to Hold, saying that FY17 is likely to be...