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With Harley-Davidson Production, Sales Frozen, Argus Downshifts On Stock
Monday, April 6, 2020 - 11:58am | 329Although shares of Harley-Davidson Inc (NYSE: HOG) have significantly underperformed the S&P 500, the company has suspended production at most of its U.S. manufacturing facilities and shut its retail stores due to the coronavirus pandemic, according to Argus. The Harley-Davidson Analyst David...
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Philip Morris' Cigarette Business Remains Strong, Argus Says In Upgrade
Wednesday, July 25, 2018 - 12:11pm | 378Shares of cigarette maker Philip Morris International Inc. (NYSE: PM) have underperformed the broader market over the past year, but the stock is now trading at an attractive level, according to Argus. The Analyst Analyst David Coleman upgraded Philip Morris from Hold to Buy with a new $...
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Analyst: Kellogg's Recent Pullback Is A Buying Opportunity
Wednesday, November 22, 2017 - 4:10pm | 413The grocery store landscape is rapidly changing and companies like Kellogg Company (NYSE: K) that are exposed to the "middle aisles" are falling out of favor among some analysts. The Analyst Argus Research Company's David Coleman upgraded Kellogg's stock rating from Hold to Buy...
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Argus Has A Taste For United Natural Foods, Names The Stock A Buy
Monday, September 25, 2017 - 11:12am | 326Analysts at Argus Research Company turned bullish on United Natural Foods, Inc. (NASDAQ: UNFI) after the company "strengthened" its balance sheet and offered investors "solid" guidance for the full-year in its fourth-quarter earnings report. The firm's David Coleman upgrades United Natural Foods'...
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Argus Upgrades Harsco, Sees 18% Upside From Here
Friday, September 15, 2017 - 9:55am | 238Argus upgraded shares of Harsco Corporation (NYSE: HSC) from Hold to Buy, with a price target of $21. The price target represents roughly 18 percent upside from the stock's closing of $17.85 on Thursday. Analysts David Coleman stated that the industrial services and engineered products...
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Is It Time For Investors To Board Southwest Airlines?
Thursday, June 22, 2017 - 11:00am | 334Suggesting it might be time for investors to board Southwest Airlines Co (NYSE: LUV), Argus upgraded the shares of the company. The firm predicated its view on the company continuing to develop strategies that deliver growth. Commendable Growth Strategies Analyst David Coleman noted the...
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Improving Fundamentals, Bottom Line Stability Among The Reasons For ONEOK Upgrade
Wednesday, June 21, 2017 - 9:32am | 340Analysts at Argus turned bullish on ONEOK, Inc. (NYSE: OKE), a master limited partnership that engages in the gathering, processing, storage and transportation of natural gas in the U.S., despite a 17 percent decline since the start of 2017. Argus' David Coleman upgraded Oneok's stock from...
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U.S. Steel A Buy At Argus Following November Downgrade
Monday, February 6, 2017 - 10:44am | 287During United States Steel Corporation’s (NYSE: X) Q4 earnings call, management highlighted continued improvement in product mix and cost structure in 2016 and announced bullish 2017 guidance. The company would likely return to profitability this year and the estimates are being revised...
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Harley-Davidson Will Continue To Be Harmed By A Weak Product Mix
Thursday, February 2, 2017 - 11:45am | 287Harley-Davidson Inc (NYSE: HOG) has been facing pressure from aggressive discounting by competitors and weak domestic demand; and the company does not seem to have the ability to respond promptly to changing consumer trends, Argus’s David Coleman said in a report. He maintains a Hold rating...
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U.S. Steel Shares Looking Overbought After A 60% Rise Since The Election
Tuesday, November 29, 2016 - 11:49am | 303Argus has downgraded United States Steel Corporation (NYSE: X) to Hold from Buy following the stock’s 60 percent rally since the election. Trump, Steel And Infrastructure Spending U.S. Steel should benefit from the Trump administration’s plans to boost infrastructure spending and limit...
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Expect Nucor To Benefit From President-Elect Trump's Infrastructure Spending Plan
Friday, November 18, 2016 - 11:33am | 270Argus said in a note on Friday that it expects Nucor Corporation (NYSE: NUE) to benefit from the Trump administration's plans to boost infrastructure spending as well as further actions to limit the dumping of imported steel. Election Result, Housing Market: Twin Catalysts Analyst David Coleman...
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Citing Rising Risk Of Default, Argus Downgrades Tidewater To Sell
Tuesday, October 25, 2016 - 11:10am | 254Argus’ David Coleman believes that Tidewater Inc. (NYSE: TDW), having violated “violated a key covenant in its revolving credit and term loan agreement, may have difficulty paying off debt scheduled to mature in fiscal 2017.” Coleman downgraded the rating on shares from Hold...
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Harley-Davidson's Q3 Hampered By Weak Product Mix
Wednesday, October 19, 2016 - 12:03pm | 372Argus thinks Harley-Davidson Inc (NYSE: HOG)'s third-quarter results were hurt by weak product mix, though its EPS and revenue were in line with the Street analysts' estimates. The firm pointed out that the company's EPS came in below its estimates. Analyst David Coleman sees the company facing...
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Argus Lowers The Altitude Of Its Delta Airlines Price Target Following Q3 Results
Monday, October 17, 2016 - 1:26pm | 483Argus has cut its price target on Delta Air Lines, Inc. (NYSE: DAL) by $12 to $48 after the company reported lower third-quarter earnings. The firm also cut its fourth-quarter outlook for operating margin and system capacity. Delta’s adjusted EPS fell to $1.70 from $1.74, but beat the...
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Chesapeake Energy Trading At A Discount To Its Peers, But For Good Reason
Monday, October 3, 2016 - 11:39am | 248Chesapeake Energy Corporation (NYSE: CHK) shares are up more than 200 percent from their February lows as the company has made a number of changes to combat the lingering depressed commodity market. While he applauds Chesapeake for its improvements, Argus analysts David Coleman believes the...