Argus

Initiating coverage of DowDuPont Inc (NYSE: DWDP), Argus said in a note Tuesday it believes the management guidance for $3 billion in cost synergies and $1 billion in growth synergies over the next 18 months are conservative. Therefore, the firm expects these two metrics to be raised going...

Argus initiated coverage of Lam Research Corporation (NASDAQ: LRCX) with a Buy rating and $196 price target for the shares, as it believes the company would benefit from demand growth for NAND and DRAM memory chips used in artificial intelligence, the Internet of Things, cloud computing and...

Argus said in a note that it sees bullish growth outlook for Incyte Corporation (NASDAQ: INCY) given its solid late-stage pipeline and key strategic R&D partnerships with companies such as Merck & Co., Inc. (NYSE: MRK), Novartis AG (ADR)(NYSE: NVS), Bristol-Myers Squibb Co (NYSE: BMY)...

Argus said in a note released Friday that the recent weakness in Sanofi SA (ADR) (NYSE: SNY) shares offers a buying opportunity. The firm noted that the company's shares fell 2.1 percent over the second quarter compared to a 1-percent increase in the MSCI EAFE Index. The firm has a Buy rating...

It’s taking time, but three days after Gilead Sciences, Inc. (NASDAQ: GILD) announced its acquisition of Kite Pharma Inc (NASDAQ: KITE), the Street seems to be deciding it’s a good thing. Gilead’s stock traded up a modest 2.5 percent and three analysts reiterated Hold ratings...

Argus said in a note on Wednesday that the recent weakness in GlaxoSmithKline plc (ADR) (NYSE: GSK) shares offers a buying opportunity. The firm noted that as against the 1 percent gain by the broader market, the company's shares have fallen 8 percent over the past quarter. As such, the firm...

Analysts at Argus Research no longer hold a bullish view on the pizza delivery chain Domino's Pizza, Inc. (NYSE: DPZ) and suggest instead owning shares of the fast food giant McDonald's Corporation (NYSE: MCD). Argus' John Staszak downgraded Domino's stock from a Buy rating to a Hold, the first...

Ahead of the quarterly results release from Vornado Realty Trust (NYSE: VNO), Argus upgraded the shares of the company amid expectations that the company would raise rents in New York despite rising supply, as demand trends remain solid. Giving the geographical break-up, the firm noted that the...

Despite posting significant earnings beats Friday, Deere & Company (NYSE: DE) fell as much as 9 percent and hardly recovered a quarter of its losses by Monday close. Still, analysts were largely undeterred. Both Argus and BMO Capital Markets maintained Buy ratings on the stock Tuesday with...

Analysts at Argus turned bullish on Estee Lauder Companies Inc (NYSE: EL) after the company impressed investors in its fiscal fourth-quarter earnings report. The firm's John Staszak upgrades Estee Lauder's stock rating from Hold to Buy with a $125 price target as the earnings report suggests...

Analysts at Argus turned bullish on NetApp Inc. (NASDAQ: NTAP) Monday amid a view that the company is now positioned for at least a year of revenue and earnings growth. The firm's Jim Kelleher upgraded NetApp's stock rating from Hold to Buy and set a $46 price target. After peaking north of...

The new Baker Hughes, a GE company Class A (NYSE: BHGE) is off to a bumpy start. The company, a union between oil services giant Baker Hughes and the oil & gas division of General Electric Company (NYSE: GE), has struggled since it began trading under its new ticker earlier this summer. However...

Twilio Inc (NYSE: TWLO) cautioned investors in May that one of its biggest clients, Uber, is scaling back its relationship. The company's announcement sent the stock tumbling as Uber alone contributed 12 percent of its total revenue in the first quarter. However, Twilio's second-quarter earnings...

Investors were disappointed with Snap Inc (NYSE: SNAP)’s quarterly misses in sales and earnings per share, but the stock has more than half recovered from a 13.4-percent post-earnings plunge. “The market has baked in enormous growth for Snap Inc.,” Argus analysts wrote Tuesday,...