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Interest Rate Optimism A Boon For Charles Schwab
Wednesday, December 14, 2016 - 2:24pm | 289Read More...Argus maintains its Buy rating and raised the price target on Charles Schwab Corp (NYSE: SCHW) shares by $10 to $46 on optimism over financial deregulation and potential for a Fed rate hike. “Optimism over the potential for financial deregulation under a Trump administration and faster growth...
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A Strong Market, Rate Hike Expectations Bode Well For T. Rowe Price
Wednesday, December 7, 2016 - 2:43pm | 284Read More...Argus maintained its Buy rating and raised its target price by $5 to $88 on T. Rowe Price Group Inc (NASDAQ: TROW), saying the asset management firm should benefit from strong equities and further rate hikes. “We expect renewed strength in equities to result in higher beginning AUM in...
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Chicago Bridge & Iron Stands Ready To Make A Recovery
Wednesday, December 7, 2016 - 11:43am | 233Read More...Argus’ Stephen Biggar believes that although Chicago Bridge & Iron Company N.V. (NYSE: CBI) has been facing challenges due to the weakness in the energy sector over the past two years, the company’s key markets appear to be in the early stages of a recovery. Biggar initiated...
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Why BlackRock Deserves To Trade At A Premium To Peers
Wednesday, October 19, 2016 - 12:13pm | 335Read More...Argus believes BlackRock, Inc. (NYSE: BLK) should trade at a premium to large-cap financial stocks, given the company’s “above-average operating margins, stable long-term asset inflows, and history of product innovation.” Q3 The comments came after BlackRock’s third-quarter...
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Charles Schwab Growing Faster Than Its Peers As It Gains Market Share
Tuesday, October 18, 2016 - 9:50am | 321Read More...Charles Schwab Corp (NYSE: SCHW) reported Q3 EPS ahead of expectations. The company’s growth continues to be higher than peers, backed by market share gains and product innovation, Argus’ Stephen Biggar said in a report. He maintained a Buy rating on Charles Schwab, while raising the...
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PNC's Stake In BlackRock A Solid Foundation For An Argus Upgrade
Monday, October 17, 2016 - 11:52am | 496Read More...Argus said in a research note released on Monday, it likes the cost-reduction efforts and the stability provided by PNC Financial Services Group Inc (NYSE: PNC)'s large stake in BlackRock, Inc. (NYSE: BLK). The company holds about 34.6 million share or a 21 percent stake in BlackRock. Higher...
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Citigroup Remains A Work-In-Progress
Monday, October 17, 2016 - 10:26am | 322Read More...Citigroup Inc (NYSE: C) reported a decline in its Q3 adjusted earnings and revenues. “In our view, Citi remains a work in progress as it attempts to get better control of expenses and improve its efficiency ratio, and as it winds down assets at Citi Holdings,” Argus’ Stephen...
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United Rentals Could Be In Position For An Extended Upturn
Tuesday, October 4, 2016 - 2:54pm | 315Read More...Argus believes United Rentals, Inc. (NYSE: URI) is poised for a longer-than-typical upturn and views the recent period of flat revenue as temporary. Investors may think that United Rentals nearing the top of its business cycle as it has seen strong growth over the past five years. But,...
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Vodafone's Growth Prospects Already Priced In At This Valuation
Tuesday, September 20, 2016 - 10:58am | 328Read More...Argus initiated shares of Vodafone Group Plc (ADR) (NASDAQ: VOD) at Hold, as the prospects of improving business outlook offsetting the risks arising due to its valuation. Transformation, Investment Help In a research note published on Tuesday, the firm's analyst Stephen Biggar pondered on Vodafone...
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MasterCard Is Well Prepared To Navigate The New Payments Landscape
Thursday, September 8, 2016 - 10:26am | 343Read More...Following Mastercard Inc (NYSE: MA)'s Investor Day on September 7, Argus’ Stephen Biggar mentioned that “management’s presentation showed that MasterCard is actively preparing for the new payments landscape.” Biggar maintains a Hold rating on the company. Addressing Concerns...
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Argus Takes A Positive View On Leidos Holdings-Lockheed Unit Merger
Wednesday, September 7, 2016 - 11:17am | 249Read More...Argus initiated coverage of Leidos Holdings, Inc. (NYSE: LDOS) with a Buy rating and $54 price target, implying a potential upside of 30 percent from the recent close. Leidos recent merger with Lockheed Martin Corporation (NYSE: LMT)'s Information Systems & Global Solutions unit should...
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Argus Downgrades VeriFone On Guidance Concerns
Tuesday, September 6, 2016 - 3:43pm | 350Read More...Close on the heels of Verifone Systems Inc (NYSE: PAY)'s lower-than-expected outlook for the full year, Argus analyst Stephen Biggar followed other brokerages to downgrade the stock to a Hold rating from Buy. The brokerage believes slower upgrade of EMV terminal has hurt VeriFone, especially from...
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Argus Downgrades First Solar On Price Competition Concerns
Wednesday, August 31, 2016 - 10:19am | 440Read More...Argus’ Stephen Biggar expressed concern regarding First Solar, Inc. (NASDAQ: FSLR)'s declining project backlog, as well as the impact of strong price competition. Biggar downgraded the rating on the company from Buy to Hold. EPS Concerns The analyst expects the company’s EPS to be hurt...
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Argus Initiates Coverage Of Twilio At Hold On High Valuation
Thursday, August 25, 2016 - 11:00am | 271Read More...Argus’ Stephen Biggar believes Twilio Inc (NYSE: TWLO) shares are fully valued at present, trading at the top end of the peer-group range. Biggar initiated coverage of the company with a Hold rating. Losses Ahead The analyst believes, following the strong run-up of the stock since its June...
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Argus Reflects On Morgan Stanley's New Activist Stake
Wednesday, August 17, 2016 - 11:24am | 365Read More...Activist investor ValueAct Holdings has taken a 2 percent stake in Morgan Stanley (NYSE: MS), making ValueAct Holdings Morgan Stanley’s sixth-largest shareholder based on analysis from Vickers Stock Research. Argus’ Stephen Biggar reiterated a Buy rating on the company, while raising...
