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Strong Housing Starts And Chinese Demand Bode Well For Weyerhaeuser
Tuesday, September 20, 2016 - 10:43am | 265Argus’ Jacob Kilstein believes that robust trends in housing starts and China demand, along with the sale of the struggling Cellulose Fibers business could prove to be future growth drivers for Weyerhaeuser Co (NYSE: WY) Kilstein reiterated a Buy rating on the company, with a price target...
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Zoetis Capitalizing On Lack Of Competition In Generic Animal Drug Competition
Friday, September 9, 2016 - 10:29am | 414Argus’ Jacob Kilstein believes Zoetis Inc (NYSE: ZTS) has been benefiting from a “lack of generic competition in the animal drug space.” Kilstein maintains a Buy rating on the company, while raising the price target from $54 to $58. Benefiting From Animal Drug Space The analyst...
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Allstate Looking Very Shareholder-Friendly With Buybacks, Dividend Hike
Friday, September 2, 2016 - 12:15pm | 450Argus reiterated its Buy rating on Allstate Corp (NYSE: ALL) and raised its price target by $2 to $76 after the company improved its combined ratio in the first half of 2016, a sign of improving profitability. Rating And Expectations Also, Allstate is becoming shareholder friendly, as it recently...
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Regency Stock Is Fully Valued
Thursday, September 1, 2016 - 11:05am | 342Although Regency Centers Corp (NYSE: REG) continued to report robust operating results, the stock is currently trading at a premium to peers and above its five-year historical average for price/FFO. Argus’ Jacob Kilstein maintains a Hold rating on the company, while stating the stock appeared...
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Vornado Realty Appears Likely To Spin Off D.C. Properties
Tuesday, August 30, 2016 - 10:15am | 286Vornado Realty Trust (NYSE: VNO), which is undergoing a business transition process to strengthening its core operations, has spun-off its shopping center unit and could do the same with its Washington D.C. properties, Argus’s Jacob Kilstein said in a report. He maintained a Hold rating on...
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In Wake Of Medivation Deal, Argus Thinks Pfizer's Existing Business Is Underrated
Monday, August 29, 2016 - 11:21am | 376On August 22, Pfizer Inc. (NYSE: PFE) announced it had entered into an agreement to acquire Medivation Inc (NASDAQ: MDVN) for almost $14 billion or $81.50 per shares. Argus’ Jacob Kilstein maintains a Buy rating on Pfizer with a price target of $39. The Acquisition Kilstein mentioned the...
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Argus On Ventas: Looking For A Pullback To $62
Friday, August 26, 2016 - 3:43pm | 355Argus has maintained its Hold rating on Ventas, Inc. (NYSE: VTR) as it expects growth to be constrained in the near term by asset sales and dilutive equity issuance, despite having opportunities in the $1 trillion senior housing and healthcare real estate market. However, the brokerage said shares...
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Host Hotels May Accommodate Investors With Luxurious Earnings, Dividend Increases
Wednesday, August 24, 2016 - 9:20am | 285Shares of Host Hotels and Resorts Inc (NYSE: HST) are expected to benefit from higher earnings, share repurchases and dividend hikes in the coming quarters, Argus’s Jacob Kilstein said in a report. He maintained a Buy rating on the company, while raising the price target from $19 to $21....
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Quintiles Poised To Benefit From Pharmaceutical R&D Outsourcing
Thursday, August 18, 2016 - 11:48am | 310Argus maintains its Buy rating on Quintiles Transnational Holdings Inc (NYSE: Q) shares. The brokerage also lifted its price target from $75 to $85. The move comes after the company delivered better-than-estimated second-quarter results and an increased outlook on July 27. Analysts Jacob Kilstein...
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Argus Says American Tower Stands Above Its Peers In The Wireless Tower Space
Wednesday, August 17, 2016 - 11:55am | 335Argus reiterated its Buy rating on American Tower Corp (NYSE: AMT) shares. The brokerage boosted the price objective from $120 to $130 citing expected increased demand from mobile data usage. Argus analysts, led by Jacob Kilstein, expect American Tower to gain from a yearly increase in lease rate...
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Simon Property Group Just Raised FFO Guidance, Could Raise It Again This Year
Thursday, August 11, 2016 - 9:59am | 301Simon Property Group Inc (NYSE: SPG) reported its 2Q revenue and FFO ahead of expectations, and raised its full-year FFO guidance. “We would not be surprised to see guidance raised again this year,” Argus’s Jacob Kilstein said in a report. He maintained a Buy rating on the...
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Argus Sees A String Of Catalysts Ahead For Amgen, Raises Price Target
Friday, August 5, 2016 - 7:54am | 285Amgen, Inc. (NASDAQ: AMGN) has solid growth prospects, backed by potential sales of established drugs as well as the launch of new drugs, Argus’s Jacob Kilstein said in a report. He maintained a Buy rating on the company, while raising the price target from $185 to $195. Amgen’s...
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Argus Analysts See Strong Opportunities For Ventas, Would Buy On A Pullback
Wednesday, July 13, 2016 - 12:00pm | 326Ventas, Inc. (NYSE: VTR) shares have performed strongly over the past year and appear fully valued at present. However, Argus’ Jacob Kilstein prefers to wait for a non-fundamental pullback to become more constructive on the stock. Kilstein initiated coverage of the company with a Hold rating...
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Argus Sees Perrigo Going Lower After CEO Exit, Guidance Cut
Monday, June 20, 2016 - 10:07am | 264Perrigo Company plc Ordinary Shares (NYSE: PRGO) shares have come under significant pressure after CEO Papa stepped down and the company reduced its guidance. Argus’ Jacob Kilstein downgraded the rating for Perrigo to Hold, citing the “resulting uncertainty over the company’s...
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Sun Life Financial Still Seeing Strong Results Despite Low Interest Rates
Friday, June 17, 2016 - 2:37pm | 303Argus analysts Jacob Kilstein and Casey Meyers have boosted the price target of Sun Life Financial Inc (NYSE: SLF) shares to $37.00 from $35.00. The analysts retained their rating of Buy on the stock. The brokerage thinks that its revised target implies a multiple of 12.8X to its 2016 EPS estimate...