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The Street Reacts To Home Depot's Q3 Beat
Wednesday, November 14, 2018 - 12:52pm | 685Do-it-yourself home improvement retailer Home Depot Inc (NYSE: HD) reported third-quarter results Tuesday morning its which came in better than expected while management lifted its full year sales and profit forecast. Here's how some of the Street's analysts reacted to the print. The...
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Walmart: 3 Reasons Why Argus Is Turning Bullish
Thursday, April 19, 2018 - 12:37pm | 453Shares of Walmart Inc (NYSE: WMT) are now attractive after falling 20 percent from their 2018 highs, according to Wall Street's newest bull analyst. The Analyst Argus analyst Chris Graja upgraded Walmart's stock rating from Hold to Buy with a new $100 price target. The Thesis The...
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Argus Raises Home Depot's Target To $160 Following Big Q4 Beat
Wednesday, February 22, 2017 - 10:52am | 392Argus reiterated its Buy rating and raised its price target on Home Depot Inc (NYSE: HD) by $6 to $160, which implies total return potential of about 13.5 percent including the dividend yield of about 2.5 percent. The price target change comes after better-than-expected quarterly results from the...
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Wal-Mart ROIC Far From Generating Outperformance
Tuesday, January 24, 2017 - 10:29am | 312Wal-Mart Stores Inc (NYSE: WMT) would need to improve its return on invested capital significantly to become “a multiyear outperformer,” Argus’s Chris Graja said in a report. He maintains a Hold rating on the company. In 3Q17, Wal-Mart’s trailing 12-month return on...
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3 Reasons For The Weak Q4 Outlook From CVS
Wednesday, November 9, 2016 - 12:52pm | 375A day after CVS Health Corp (NYSE: CVS) offered downbeat forecasts for the fourth quarter and fiscal year 2017, Argus found three reasons behind these guides and subsequently reduced its target price from $120 to $85 while retaining the Buy rating. The price target implies an upside potential of...
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Costco's Commitment To Low Prices Keeps It Relevant With Bargain-Hunting Consumers
Monday, October 3, 2016 - 11:34am | 248Argus maintained its Buy rating and $175 target on Costco Wholesale Corporation (NASDAQ: COST) shares following fourth quarter results. While EPS topped Street estimates, Argus pointed out that it came below its estimate of $1.79. The brokerage cited Costco's business renewal rate in North...
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Lowe's Management May Have 'Found Religion' On Cost Controls, Says Argus
Monday, September 19, 2016 - 8:55am | 368Chris Graja, a senior retail analyst with Argus Research, discussed Lowe's Companies, Inc. (NYSE: LOW)'s business outlook during a retail related conference call last week. According to Graja, Lowe's has proven to be a bigger winner compared to its peer Home Depot Inc (NYSE: HD) in picking up Sears...
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Kroger Is Still Ahead Of The Game, Despite Its 25% Tumble
Saturday, September 17, 2016 - 10:06am | 485Last Wednesday, Argus hosted a Retail Conference Call. Among other stocks, Senior Retail Analyst Chris Graja shared a look at Kroger Co (NYSE: KR). Grocery Retail The analyst noted that, while Wal-Mart Stores, Inc. (NYSE: WMT) has been competing with Kroger in the grocery retail space for...
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Investors Are Asking If There's Still Room To Run In Home Depot
Thursday, September 15, 2016 - 9:39am | 412Shares of Home Depot Inc (NYSE: HD) traded at around the $20 level when the financial crisis of 2007–2008 affected its core business of selling home improvement products. When the economy began showing signs of rebounding, Home Depot naturally saw an uptick in its business. The stock has been...
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Argus Reaffirms Buy Rating On Kroger, Thinks Creative Strategies Will Help Drive Market Share
Monday, September 12, 2016 - 11:28am | 360On September 9, Kroger Co (NYSE: KR) reported a 7 percent increase in its adjusted earnings for fiscal Q2 to $0.47, beating the consensus and the estimate. Argus’ Chris Graja maintains a Buy rating on the company, but lowered the price target from $45 to $43. Graja explained that the price...
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Argus Calls Williams-Sonoma The Best Positioned In Its Coverage Universe To Capitalize On Online Shoppers
Friday, August 26, 2016 - 10:13am | 299Williams-Sonoma, Inc. (NYSE: WSM) reported flat Q2 EPS. Although the company is improving its supply chain and its inventories are “in good shape,” consumer trends and mall traffic remain weak, Argus’s Chris Graja said in a report. He maintained a Buy rating on Williams-Sonoma,...
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Argus Would Like To Add Whole Foods To The Buy List, But Can't Quite Bring Themselves To Do It
Friday, August 5, 2016 - 9:07am | 353Argus’ Chris Graja expects Whole Foods Market, Inc. (NASDAQ: WFM) to witness reduced sales growth during the current quarter, offset by an increase in share buybacks. Graja maintains a Hold rating on the company. Guidance Cut Management has lowered its square footage growth guidance to 6...
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Believing Amazon's Amazing Q2 Results Already Reflected In Price, Argus Recommends A Hold
Monday, August 1, 2016 - 8:35am | 325Amazon.com, Inc. (NASDAQ: AMZN) reported impressive 2Q16 results, with 31 percent sales growth. Argus’s Chris Graja maintained a Hold rating on Amazon, saying that the shares already reflect the company’s outstanding growth prospects. 2Q16 Results Amazon reported its quarterly...
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Argus Says It's Worth Holding On To MDC Holdings
Tuesday, July 5, 2016 - 9:19am | 278Although shares of M.D.C. Holdings, Inc. (NYSE: MDC) are currently trading near their fair value, the dividend yield of about 4.1 percent is higher than most peers and “provides incentive to hold the shares,” Argus’ Chris Graja said in a report. He maintained a Hold rating for...
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Analysts Call Advance Auto CEO 'The Right Executive For The Job'
Monday, June 20, 2016 - 9:52am | 245There is now increased clarity related to the turnaround plan at Advance Auto Parts, Inc. (NYSE: AAP), Argus’ Chris Graja said in a report. He reiterated a Buy rating for the company, while reducing the price target from $200 to $185. Thoughts Around New CEO Advance Auto’s new CEO...