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Q3's GDP Reading Sets Up For A Better 2017
Thursday, December 1, 2016 - 11:18am | 318Read More...Real GDP (gross domestic product) rose at a 3.2 percent rate in Q3, according to a preliminary report from the Bureau of Labor Statistics. This represented the best sequential growth rate since GDP rose 5.0 percent in Q3 of 2014. Argus’s Jim Kelleher said the latest strong GDP reading...
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Broadcom To Investors: We Aren't Getting Into The Systems Business
Thursday, November 3, 2016 - 11:15am | 325Read More...Broadcom Ltd (NASDAQ: AVGO) seems poised to continue generating mid-teens EPS growth over next several years, RBC Capital Markets’ Amit Daryanani said in a report. He reiterated a Top Pick rating on the company, with price target of $190. Broadcom projected its October-quarter revenue at the...
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By Buying Brocade, Broadcom's Customers Will Become Its Competition
Wednesday, November 2, 2016 - 11:15am | 306Read More...Shares of Brocade Communications Systems, Inc. (NASDAQ: BRCD) surged more than 20 percent on rumors of a potential acquisition by Broadcom Ltd (NASDAQ: AVGO). The acquisition would push Broadcom into a new market, where it would be competing against its customers, Argus’ Jim Kelleher said...
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Argus Starts Arista Networks At Buy, Says Outlook Is Strong
Tuesday, October 25, 2016 - 3:32pm | 308Read More...Argus launched coverage on Arista Networks Inc (NYSE: ANET) with a Buy rating and target price of $107 as it believes the company is a key beneficiary of multiyear shift to cloud networking from legacy IT silos in the coming years. However, the company recently found to have infringed on...
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Ericsson Enters What Is Typically Its Strongest Quarter Under A Cloud Of Uncertainty
Thursday, October 13, 2016 - 8:35am | 276Read More...Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) plummeted more than 20 percent after the company issued a Q3 profit warning. The challenging trends being faced by Ericsson could continue in the near term and extend into Q4, Argus’ Jim Kelleher said in a report. He maintained a Hold...
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Argus Upgrades Sherwin-Williams To Buy Following Pullback
Monday, October 10, 2016 - 11:13am | 292Read More...Argus’ Jim Kelleher believes that the 15 percent pullback in Sherwin-Williams Co (NYSE: SHW) shares from their recent highs presents an attractive buying opportunity and that the stock deserves to trade at a premium, given the company’s superior growth prospects. Kelleher upgraded...
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October: The Market's Problem Child
Wednesday, October 5, 2016 - 12:00pm | 294Read More...So far, the month of October is off to a lackluster start, with the SPDR S&P 500 ETF Trust (NYSE: SPY) down 0.3 percent in the first few days of the month. October is a particularly volatile month for the S&P 500. According to Argus analyst Jim Kelleher, October tends to be a strong...
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A Solid Q4 Accentuates The Bull Case For Accenture
Friday, September 30, 2016 - 9:24am | 288Read More...Accenture Plc (NYSE: ACN) reported its Q4 results ahead of expectations and its 2017 guidance reflects 8-12 percent growth in adjusted EPS. There is further potential upside in the company’s shares, with revenue and EPS growth, Argus’ Jim Kelleher said in a report. He maintained a Buy...
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Argus Upgrades Amazon To Buy, Sets $935 Target
Thursday, September 22, 2016 - 7:45am | 410Read More...The growth prospects of Amazon.com, Inc. (NASDAQ: AMZN) seem to be “accelerating more rapidly than the share price,” Argus’s Jim Kelleher said in a report. He upgraded the rating on the company from Hold to Buy, while establishing a 12-month price target of $935. Amazon’...
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As Intel Lifts Guidance, Argus Raises Price Target To $45
Monday, September 19, 2016 - 9:32am | 315Read More...Intel Corporation (NASDAQ: INTC) raised its Q3 top-line guidance, citing better PC matrices. The company could generate margin expansion over the next several years, provided it is able to successfully “grow its focus areas while deemphasizing PCs,” Argus’s Jim Kelleher said in...
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Investors Are Asking If There's Still Room To Run In Home Depot
Thursday, September 15, 2016 - 9:39am | 412Read More...Shares 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 On Retail, 'We Think It's Going To Be A Good Christmas'
Wednesday, September 14, 2016 - 4:13pm | 372Read More...Despite all the uncertainty surrounding the retail environment currently, Argus Research is optimistic about the upcoming holiday season. "We think it's going to be a good Christmas," said Argus Research on a conference call held Tuesday. U.S. household incomes increasing for the first time in...
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SanDisk Acquisition Puts Western Digital On A Clear Path Forward, Says Argus
Friday, September 9, 2016 - 11:30am | 303Read More...Argus reiterated its Buy rating and $60 price target on Western Digital Corp (NASDAQ: WDC) after the company raised its first-quarter outlook on volume and mix improvements. Western Digital increased its first quarter non-GAAP EPS view to $1.00–$1.05 from earlier guidance of $0.80–$0.90...
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Argus Highlights The 'Collective Yawn' For Apple's iPhone 7
Friday, September 9, 2016 - 7:45am | 281Read More...Apple Inc. (NASDAQ: AAPL) launched the much-awaited iPhone 7 on Wednesday. The absence of any surprise element resulted in a 3 percent decline in the company’s shares, Argus’s Jim Kelleher mentioned in a report. He maintained a Buy rating on Apple, with a price target of $135....
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Broadcom Appears Ahead Of Schedule With Its Merger Integration
Tuesday, September 6, 2016 - 1:39pm | 350Read More...Argus analyst Jim Kelleher sees Broadcom Ltd (NASDAQ: AVGO) as ahead of schedule regarding its post-merger integration. Although the stock delivered a 20 percent year-to-date gain, the analyst feels the stock does not present its significant growth potential. Therefore, the analyst lifted his price...
