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Economic Income For Apollo Global Comes In Way Above Estimates, Co. Using The Right Strategies
Friday, August 12, 2016 - 12:11pm | 251Read More...On August 3, Apollo Global Management (NYSE: APO) reported 2Q16 after-tax economic income (ENI) of $0.98 per share vs. $0.38 from a year earlier. Analyst consensus expected Apollo to report and ENI of $0.20. Argus' Stephen Biggar was almost as surprised as most analysts having a $0.37 ENI...
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With Positive Fundamentals And Solid Earnings, Argus Sees D.R. Horton Shares As Undervalued
Monday, July 25, 2016 - 1:17pm | 334Read More...D.R. Horton, Inc. (NYSE: DHI) reported its 3Q16 results, with the EPS in line with the consensus and representing a 13 percent rise from the year-ago period. Argus’ Stephen Biggar maintains a Buy rating on the company, while reiterating a price target of $39. Middle Of The Upcycle Biggar...
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Visa Q3 Results Top Street Estimates, But Are Exactly What Argus Expected
Friday, July 22, 2016 - 1:17pm | 487Read More...Argus analyst Stephen Biggar has raised the estimates and target price on Visa Inc (NYSE: V) after it reported better-than-expected third-quarter earnings. The company's third-quarter adjusted EPS of $0.69, down 7 percent from $0.74 a year earlier, but $0.03 ahead of the consensus as both payment...
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Argus Concerned With Near-Term Challenges At AstraZeneca
Tuesday, July 12, 2016 - 9:37am | 279Read More...AstraZeneca plc (ADR) (NYSE: AZN) shares are currently trading at a discount to the S&P 500 Pharma companies, which Argus’ Stephen Biggar views as warranted, given the earnings challenges being faced by the company due to its current business transition. Biggar initiated coverage of the...
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Argus Sees 27% Upside For Lennar Corporation; Starts With Buy, $59 PT
Tuesday, July 5, 2016 - 9:21am | 292Read More...Argus has started coverage of Lennar Corporation (NYSE: LEN), the second-largest homebuilder in the United States based on unit sales, with a Buy rating and price target of $59, implying a potential upside of 27 percent from Friday's close. "Although sales of new homes are on track to grow for the...
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Royal Bank Of Canada's Strong Performance Garners Attention, Initiation At Buy From Arugs
Friday, July 1, 2016 - 9:12am | 303Read More...Royal Bank of Canada (NYSE: RY) shares have performed strongly over the past quarter, rising 21.1 percent, as compared to the 6.5 percent rise in the S&P 500. Argus’ Stephen Biggar initiated coverage of the company with a Buy rating and price target of $69. Robust Performance The company...
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Canadian Pacific Is Initiated At A Buy At Argus
Thursday, June 30, 2016 - 10:37am | 226Read More...Although tough economic conditions have kept top-line at Canadian Pacific Railway Limited (USA) (NYSE: CP) under significant pressure, a bottom seems to be nearing, and a business upturn may be expected in 2017, Argus’ Stephen Biggar said in a report. He initiated coverage of the company...
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Argus Downgrades ONEOK To Hold, Cites 'Strong Run Up'
Friday, June 17, 2016 - 9:29am | 267Read More...ONEOK, Inc. (NYSE: OKE) share price has surged nearly 95 percent since January, and Argus’ Stephen Biggar believes that the stock appears fully valued at the current levels. Biggar downgraded the rating on the company from Buy to Hold. Stock Valuation “In our view, the recent...
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Argus Upgrades Intercontinental Exchange To Buy
Wednesday, February 17, 2016 - 10:02am | 333Read More...Shares of Intercontinental Exchange Inc (NYSE: ICE) have appreciated 2 percent over the past one year, reaching a high of $266.94 on February 1. Argus’ Stephen Biggar has upgraded the rating on the company from Hold to Buy, with a price target of $270. Biggar believes the selloff...
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Argus Upgrades Sun Life Financial To Buy
Wednesday, December 23, 2015 - 10:02am | 262Read More...The share price of Sun Life Financial Inc (NYSE: SLF) has declined 13.87 percent year-to-date, from a high of 36.06 on December 31, 2014. Argus' Stephen Biggar has upgraded the rating on the company from Hold to Buy, with a price target of $37. The upgrade in the rating is based on...
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Argus Upgrades Discover Financial To Buy
Wednesday, December 16, 2015 - 10:07am | 330Read More...Discover Financial Services (NYSE: DFS) shares are down 18 percent year-to-date, and slipped below $55 on December 8. Argus Stephen Biggar upgraded the rating on the company from Hold to Buy, while maintaining a price target of $60. The recent decline in the company’s shares already...
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Argus Upgrades Verifone Systems To Buy
Wednesday, September 30, 2015 - 8:56am | 238Read More...The share price of VeriFone Systems, Inc. (NYSE: PAY) has declined by almost 28 percent year-to-date. Argus’ Stephen Biggar has upgraded the company from Hold to Buy, with a price target of $35. Biggar believes that the year-to-date decline was primarily driven by non-fundamental...
