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Goldman Sachs Boasts 'Near-Perfect' Q1 Results, 5 Analysts Zero In On 'Core Strengths'
Tuesday, April 16, 2024 - 12:09pm | 551Goldman Sachs Group Inc (NYSE: GS) and other financial stocks have been in focus as some of the sector’s biggest banks report first-quarter results. Here are some key analyst takeaways from Goldman Sachs’ release. Argus Research analyst Stephen Biggar upgraded the rating to Buy, while...
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American Express Analyst Recommends Buying The Dip
Monday, March 2, 2020 - 3:31pm | 337Shares of American Express Company (NYSE: AXP) hit a fresh 52-week low on Friday and the "coronavirus-inspired selling" is overdone and investors should be buyers of the stock, according to Argus. The American Express Analyst Stephen Biggar upgraded American Express from Hold to Buy with...
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Analysts React After American Express Rings Up Q4 EPS, Sales Miss
Friday, January 18, 2019 - 12:27pm | 638American Express Company (NYSE: AXP) reported Thursday with a fourth-quarter top-and-bottom-line miss. The credit card issuer guided to a better-than-expected revenue growth outlook for 2019, mostly due to a "reasonably strong" consumer. Here's how the Street reacted to...
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SunTrust's Stock 'Disconnected From Strong Fundamentals,' Argus Says
Monday, July 2, 2018 - 2:06pm | 341Shares of SunTrust Banks, Inc. (NYSE: STI) have underperformed its regional bank peers over the past six months, but the recent stress test report makes it clear the stock is "disconnected from strong fundamentals," according to Argus. The Analyst Argus Research Company's Stephen...
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Fifth Third Is Worth A Premium Despite Sluggish Loan Growth, Argus Says In Bullish Initiation
Thursday, June 14, 2018 - 10:41am | 367Strong fee income, a better efficiency ratio than peers and credit quality are behind Argus' bullish Fifth Third Bancorp (NASDAQ: FITB) thesis. The Analyst Argus analyst Stephen Biggar initiated coverage of Fifth Third with a Buy rating and $36 price target. The Thesis The bank...
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Argus: MasterCard Shares Could Appreciate 17%
Friday, February 2, 2018 - 11:39am | 377Mastercard Inc (NYSE: MA) reported 20-percent fourth quarter revenue growth to $3.3 billion and adjusted earnings per share of $1.14 — ahead of the $1.12 consensus estimate — on Thursday. The Analyst Argus analyst Stephen Biggar upgraded MasterCard shares from...
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This BUD's For You; Argus Goes Bullish For Anheuser Busch
Friday, September 8, 2017 - 11:40am | 372Analysts at Argus Research acknowledge that Anheuser Busch Inbev NV (ADR) (NYSE: BUD)'s days of meaningful growth have likely passed but that doesn't mean the stock is not a good addition to an investor's portfolio. The firm's Stephen Biggar and Phil Seligman initiates coverage of AB-InBev's stock...
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If Colgate's Looking To Sell Itself, Would Berkshire Be Looking To Buy?
Thursday, June 22, 2017 - 3:38pm | 731Ever since the New York Post reported in mid-May that Colgate-Palmolive Company (NYSE: CL) had admitted to being open to the prospect of selling itself, one legendary investor has repeatedly been mentioned in conjectural conversations - Warren Buffett. Colgate CEO Ian Cook reportedly indicated he...
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Equifax Gets Credit From Argus; Analyst Initiates At Buy
Tuesday, June 13, 2017 - 9:13am | 357Argus initiated coverage of Equifax Inc. (NYSE: EFX) at Buy with a $166 price target. Analyst Stephen Biggar estimates a 2017 adjusted EPS of $6.15 and to increase 12.2 percent further to $6.90 in 2018. Related Link: Equifax Board of Directors Declares Quarterly Dividend A Decade of Beats Equifax...
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Sanofi May Now Have Moved Past Its Most Challenging Period, Analyst Initiates At Buy
Thursday, April 6, 2017 - 1:08pm | 365Argus' Stephen Biggar initiated coverage of Sanofi SA (ADR) (NYSE: SNY) with a Buy rating and $50 price target as the company has moved past a challenging period. According to Biggar, Sanofi has suffered through a period in which two of its best selling drugs, Lantus (diabetes) and Plavix (...
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Argus Initiates Bioverativ With Hold
Friday, March 31, 2017 - 10:43am | 286In February, Bioverativ Inc (NASDAQ: BIVV) spun off from Biogen Inc (NASDAQ: BIIB) with two marketed products for the treatment of hemophilia. While expressing optimism regarding Bioverativ being able to establish itself as a “profitable, independent biotechnology company” that is...
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Here Are The 4 Commercial Launches In 2017 That Earned Tesaro A Buy Rating At Argus
Friday, March 24, 2017 - 10:49am | 334TESARO Inc (NASDAQ: TSRO) has strong prospects in immuno-oncology, as it prepares for four commercial launches in 2017 and plans to initiate pivotal studies for several products, Argus’s Stephen Biggar said in a report. He initiated coverage of the company with a Buy rating and a price...
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United Rentals Stock Up 80% Since The Election; Argus Downgrades On Valuation
Thursday, February 2, 2017 - 11:01am | 287United Rentals, Inc. (NYSE: URI) reported strong Q4 results. The company appears well positioned to “continue its multiyear earnings recovery,” Argus’s Stephen Biggar said in a report. He downgraded the rating on the company from Buy to Hold, citing the strong runup in shares...
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Wells Fargo Downgraded As Recent Rally Is Tempered By Revenue Headwinds
Wednesday, January 18, 2017 - 11:35am | 380Wells Fargo & Co (NYSE: WFC) shares recently saw a sharp increase, following the company reporting its Q4 results, more than recovering from the significant pullback in September 2016. Argus Stephen Biggar analyst downgraded the rating on the company from Buy to Hold. “Our downgrade...
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Berkshire Succession Plan Fuels Uncertainty
Tuesday, January 3, 2017 - 10:10am | 285Argus’ Stephen Biggar expressed a positive stance on Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B), given the stock returns “have more than doubled those of the S&P 500 since 1965” at a CAGR pf 20.8 percent. Biggar initiated coverage of the company with a Hold rating....