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Wal-Mart Should Follow Home Depot's Example To Improve Return On Capital
Friday, February 24, 2017 - 2:08pm | 468A positive comp sales and traffic during the Holiday quarter and a surge in online orders isn't enough for Argus to become more constructive on Wal-Mart Stores Inc (NYSE: WMT) shares. Argus still rates Wal-Mart Hold as it wants the company to improve its return on investment. In the fourth...
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J.C. Penney Doubling Down On Its Core
Monday, December 5, 2016 - 11:58am | 408While Argus’ Christopher Graja believes there has been potential for upside in J C Penney Company Inc (NYSE: JCP) shares, the analyst noted the company has significant work ahead of it, especially associated with driving sales growth during a time when there would be flat to negative mall...
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Sell-Side Reactions To Home Depot's Q3
Wednesday, November 16, 2016 - 3:41pm | 433Home Depot Inc (NYSE: HD) reported beat-and-raise results for its third quarter on strong demand from professional contractors, growth in big-ticket projects and favorable weather. Argus: Buy, $154 Price Target Argus maintains its Buy rating and $154 price target on Home Depot, saying the home...
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Autozone Poised To Benefit As The Average American Car Is Now Over 11 Years Old
Thursday, October 20, 2016 - 1:19pm | 227Argus maintained its Buy rating on AutoZone, Inc. (NYSE: AZO) as it believes the company is poised to benefit from aging car population, low gas prices and increasing miles driven per car. “The average age of an American car is over 11 years and there are a growing number of cars that are...
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Lennar's Recovery May Take Longer Than Previously Thought
Wednesday, October 19, 2016 - 2:26pm | 307Argus maintained its Buy rating on Lennar Corporation (NYSE: LEN) but cut its target price by $4 to $55 on expectations of company's delayed recovery. “Although sales of new homes are on track to grow for the fifth straight year in 2016, we believe that the market is still only in the...
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Store Traffic At Target Continues To Be A Problem
Thursday, September 8, 2016 - 8:22am | 284Target Corporation (NYSE: TGT) witnessed a worse-than-expected deceleration in its Q2 comps, driven by fewer transactions as well as lower units per transactions. The company’s store traffic would likely continue to be challenging, Argus’s Christopher Graja said in a report. He...
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Argus Says Buy Kroger, Cites 11 Years Of Market Share Gains And 50 Quarters Of Growing Comps
Wednesday, September 7, 2016 - 1:44pm | 384Shares of Kroger Co (NYSE: KR) were down 4 percent on the day, but analyst Christopher Graja of Argus recommends investors Buy the shares ahead of the company's second-quarter earnings on Friday. "We expect the company to continue using innovative strategies to extend an 11-year streak of gaining...
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Argus Wants To See Dollar General Open Small-Format Stores
Tuesday, September 6, 2016 - 3:33pm | 430Argus maintains its Hold rating on Dollar General Corp. (NYSE: DG) and said the company has a substantial opportunity to boost sales by opening additional small-format stores. The brokerage said the company's fleet of nearly 12,500 stores differentiate themselves in a crowded retail landscape for...
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Argus Says Advance Auto Parts' New CEO Is 'The Right Executive For The Job'
Wednesday, August 31, 2016 - 11:57am | 356Argus is positive on Advance Auto Parts, Inc. (NYSE: AAP)'s hiring of Tom Greco as CEO, as it thinks he "is the right executive for the job." The brokerage's analysts commented, "[H]e will deliver operating improvements that will be a catalyst for the shares." Argus maintains its Buy rating and $...
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Argus Raises Dick's Sporting Goods Price Target, Expects Market Share Gains
Tuesday, August 30, 2016 - 11:22am | 338Argus’ Christopher Graja expects Dicks Sporting Goods Inc (NYSE: DKS) to gain market share due to the bankruptcy of The Sports Authority. Graja reiterated a Buy rating on the company, while raising the price target from $52 to $66. Growth Expectations The analyst also expects the company to...
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This Wal-Mart Analyst Will Be Looking For Continued Capital Discipline
Friday, August 19, 2016 - 12:18pm | 349Although Wal-Mart Stores, Inc. (NYSE: WMT) reported a decline in its adjusted non-GAAP EPS in Q2:17, as compared to Q2:16, the EPS came in ahead of expectations. Argus’ Christopher Graja maintains a Hold rating on the company. Q2 Results Wal-Mart Stores reported its adjusted non-GAAP EPS at $...
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Following A Soft Q2 From Lowe's, Argus Adjusts FY17 Forecast
Thursday, August 18, 2016 - 10:43am | 359Despite a weaker-than-expected second-quarter earnings print, Christopher Graja of Argus Research maintains a Buy rating on Lowe's Companies, Inc. (NYSE: LOW) with an unchanged $90 price target. Lowe's reported that it earned $1.37 per share in the quarter, which was "well below" Graja's estimate...
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Argus Sees Potential For 15% Return On Home Depot Shares
Wednesday, August 17, 2016 - 10:10am | 301Home Depot Inc (NYSE: HD) reported Q2 EPS on Tuesday at $1.97, representing 14 percent growth and beating the estimate and the consensus. Argus’ Christopher Graja maintained a Buy rating on the company, while raising the price target from $150 to $154. Improving Trends “HD...
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JCPenney's Shiny New Earnings Estimates From Argus
Tuesday, August 16, 2016 - 12:24pm | 269J C Penney Company Inc (NYSE: JCP) reported robust 2Q results on August 12, with the operating income ahead of the estimate, driven by lower-than-expected SG&A expenses. Argus’ Christopher Graja maintains a Hold rating on the company. 2Q Results “Total sales were slightly below...
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The Stakes Are High For Kohl's This Back-To-School Season
Monday, August 15, 2016 - 10:21am | 381Argus’ Christopher Graja believes the back-to-school season, spanning the end of 2Q and the first two months of 3Q, will demonstrate whether Kohl's Corporation (NYSE: KSS) “remains a favorite of American moms, or whether they have moved on.” Graja maintains a Hold rating on...