Argus Research
Argus Research is an independent equity research firm based in New York and part of Argus Research Group. Founded in 1934, it was one of the first firms to provide systematic, independent research on US equities to professional investors.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 26112M
- Actions
- 47612M
- Ratings / Price targets
- 249 / 227
- Upgrades / Downgrades
- 39 / 35
- Buy-rated
- 82%of 200 rated
- Median upside
- +16.7%
- Targets raised / lowered
- 116 / 37
- On record
- Mar 2012 – Sep 2026
Overview
Argus analysts cover about 500 companies as of 2026, and its quantitative A6 model rates more than 1,100 others. Reports are distributed through brokerage platforms such as Fidelity. Employees may not trade a stock within five to 30 days of a rating or estimate change.
Economist Harold Dorsey founded Argus Research Company in 1934. Its money-management affiliate, Argus Investors' Counsel, an SEC-registered investment adviser, was incorporated in 1960. Argus acquired Vickers Stock Research, a provider of insider and institutional holdings data, in 1976, and incorporated Argus Vickers in London in 1993. The firm is privately held and headquartered in New York.
Milestones
- 1934
Harold Dorsey founds Argus Research Company in New York
- 1960
Argus Investors' Counsel investment adviser incorporated
- 1976
Acquires Vickers Stock Research
- 1993
Argus Vickers incorporated in London
Firm facts
- Legal name
- Argus Research Company
- Type
- Independent research
- Founded
- 1934
- Headquarters
- New York, United States
- Parent
- Argus Research Group
- President
- John Eade
- Director of Research
- Jim Kelleher
- Rating scale
- BuyHoldSell12 months
- Also filed as
- Argus · Argus Capital
- Website
- argusresearch.com
Research philosophy
Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm’s underwriting business.
Argus evaluates six areas: industry, growth, financial strength, management, risk and valuation. It describes a top-down process that starts with forecasts for the economy and interest rates, identifies industries likely to perform well over one to two years, and then selects leading companies for coverage. Proposed rating changes are debated at weekly meetings of all analysts before a final decision is made with the director of research or a member of the Investment Policy Committee.
Rating methodology
Each covered stock carries a 12-month Buy, Hold or Sell rating relative to the S&P 500 on a risk-adjusted basis, plus a five-year rating.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Booking Holdings Inc.BKNG | Buy | $245 |
 Ciena CorporationCIEN | Buy | $550 |
 Elevance Health Inc.ELV | Hold | $465 |
 International Flavors & Fragrances Inc.IFF | Buy | $80 |
 McDonald's CorporationMCD | Buy | $310 |
 Ulta Beauty, Inc.ULTA | Buy | $550 |
 Alcoa CorporationAA | Buy | $55 |
 Air Products and Chemicals, Inc.APD | Buy | $329 |
 Ashland Inc.ASH | Buy | $70 |
 AutoZone, Inc.AZO | Buy | $4,325 |
Most active analysts
- John Eade20 notesCEGJCICMI
- John Staszak17 notesBKNGPWRCNC
- Jim Kelleher14 notesDELLCBRLAMAT
- Stephen Biggar14 notesBACPYPLXYZ
- Kevin Heal12 notesCFGALLAJG
- Joseph Bonner10 notesEAEBAYCRWD
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Sep 22 | EXExelon CorporationEXC | Target | $45 →$49 | Marie Ferguson | |
| Sep 18 | CTCorteva, Inc.CTVA | Reiterate | Buy | ||
| Sep 17 |  Charles River Laboratories International, Inc.CRL | Target | $200 →$330 | ||
| Sep 16 | OGOGE Energy Corp.OGE | Reiterate | Buy | ||
| Sep 16 |  Bath & Body Works, Inc.BBWI | Reiterate | Hold | ||
| Sep 15 | KDKeurig Dr Pepper Inc.KDP | Reiterate | Buy | ||
| Sep 14 |  Lululemon Athletica Inc.LULU | Reiterate | Hold | ||
| Sep 14 |  Oracle CorporationORCL | Reiterate | Buy | ||
| Sep 11 |  NetApp, Inc.NTAP | Target | $200 →$225 | ||
| Sep 10 |  SAP SESAP | Target | $265 | Joseph Bonner | |
| Sep 10 | Ciena CorporationCIEN | Target | $650 →$550 | ||
| Sep 9 | Air Products and Chemicals, Inc.APD | Target | $265 →$329 | Alexandra Yates |