Argus Research

Travelers Upgraded to “Buy” at Argus Research (TRV)

Insurance giant The Travelers Companies, Inc. ( TRV ) on Friday caught a big upgrade from analysts at Argus Research. The firm said it upgraded TRV from “Hold” to “Buy” with a $65 price target. That target implies a 15% upside from the stock’s Thursday closing price of $56.63. An Argus analyst noted the company has a strong balance sheet as well as solid earnings momentum. Travelers shares rose 27 cents, or +0.5%, in premarket trading Friday. The Bottom Line We recently began recommending shares of Travelers ( TRV ) when the stock was trading at $55.62. The company has a 2.54% dividend yield, based on last night’s closing stock price of $56.63. The Travelers Companies, Inc. ( TRV ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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General Electric Upgraded to “Buy” at Argus Research on Strong Industrial Business (GE)

Multinational conglomerate General Electric Company ( GE ) on Friday caught a big upgrade from analysts at Argus Research. The firm said it boosted its rating on GE from “Hold” to “Buy” with a $26 price target. That target implies a 28% upside to the stock’s Thursday closing price of $20.28. An Argus analyst noted that GE’s strengthening industrial business is driving growth within the company. General Electric shares rose 12 cents, or +0.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of General Electric ( GE ) since July 23, 2010, when the stock was trading at $15.21. The company has a 2.76% dividend yield, based on last night’s closing stock price of $20.28. General Electric Company ( GE ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Monsanto Upgraded to “Buy” at Argus Research (MON)

Agricultural products maker Monsanto Company ( MON ) on Tuesday caught a big upgrade from analysts at Argus Research. The firm said it upgraded MON from “Hold” to “Buy” with an $87 price target. That target implies a healthy 22% upside to the stock’s Monday closing price of $71.37. An Argus analyst justified the upgrade by noting that the sales of the company’s Roundup herbicide have gradually improved. Roundup had been an underperforming unit for the company for several quarters. Monsanto shares rose 78 cents, or +1.1%, in premarket trading Tuesday. The Bottom Line Shares of Monsanto ( MON ) have a 1.57% dividend yield, based on last night’s closing stock price of $71.37. The stock has technical support in the $65 price area. If the shares can firm up, we see overhead resistance around the $74 price level. Monsanto Company ( MON ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Boeing Downgraded to “Neutral” at Argus Research on Valuation Concerns (BA)

Aircraft maker The Boeing Company ( BA ) on Wednesday caught a downgrade from analysts at Argus Research. The firm said it downgraded BA from “Buy” to “Hold,” noting that ongoing 787 delays and defense spending cuts aren’t yet priced into the stock. Boeing shares fell 44 cents, or -0.7%, in premarket trading Wednesday. The Bottom Line Shares of Boeing ( BA ) have a 2.51% dividend yield, based on last night’s closing stock price of $66.94. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Time Warner Cable’s Target Raised at Argus Research (TWC)

Filed in Argus Research, dividend, Gold Investing, o, shares, target by on December 27, 2010 0 Comments

Cable TV and Internet provider Time Warner Cable Inc. ( TWC ) on Monday saw its price target boosted by analysts at Argus Research. The firm said it now expects TWC shares to reach $75, which implies a 15% upside to the stock’s Thursday closing price of $65.37. Argus noted the company is well-positioned to benefit from an economic recovery, and maintained its “Buy” rating on the stock. Time Warner Cable shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Time Warner Cable ( TWC ) since Feb.3, 2010, when the stock was trading at $44.99. The company has a 2.45% dividend yield, based on Friday’s closing stock price of $65.37. Time Warner Cable Inc. ( TWC ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Campbell Soup Downgraded to “Hold” at Argus Research (CPB)

Packaged foods maker Campbell Soup Company ( CPB ) late Wednesday caught a downgrade from analysts at Argus Research. The firm cut its rating on CPB from “Buy” to “Hold,” noting the company’s recent boost in promotional spending hasn’t panned out as well as planned. Additionally, Argus pointed out that Campbell’s 7.7% decline in soup sales in the past year was worse that the overall industry trend of a 6.8% decline. Accordingly, the analyst lowered its 2011 and 2012 earnings estimates for the company to slightly below the consensus view. Campbell Soup shares were mostly flat in premarket trading Thursday. The Bottom Line We have been recommending shares of Campbell Soup ( CPB ) since Dec.2, 2009, when the stock was trading at $35.56. The company has a 3.39% dividend yield, based on last night’s closing stock price of $34.23. Campbell Soup Company ( CPB ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Deere Shares Upgraded After Earnings Beat (DE)

Argus Research has boosted his price target on shares of Deere ( DE ) from $76 to $88 and has reiterated its buy rating. The firm said Deere’s quarterly report was “much better than we expected and sees continued strong results in fiscal 2011.” Argus moved its 2011 earnings estimates from $4.85 to $4.95 and set a 2012 estimate of $5.30. The Bottom Line Shares of Deere & Co. (DE) have a 1.57% dividend yield, based on Wednesday’s closing stock price of $76.23. The stock has technical support in the $69-$70 price area. If the shares can firm up, we see overhead resistance around the $79-$81 price levels. Deere & Company (DE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Freeport (NYSE:FCX) Outlook Strong on Increased Production, Chino Mine

Freeport-McMoRan (NYSE:FCX) was upgraded by Argus Research, citing the company’s guidance on increasing production and the restarting of its Chino mine in New Mexico. The rating was upgraded because it “reflects the company’s decisions to increase production in 2010 and to restart its Chino mine in New Mexico, as well as continued copper purchases from China,” said Argus. Freeport also

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