In a conference call with clients Wednesday morning, Argus President John Eade spoke up some of the new additions to Argus' Portfolio Selector Focus List.
Here are three of those stocks with a summary of Eade's comments:
- eBay Inc - Reminding investors that Argus recently raised its eBay price target to $36, implying 16 percent upside from $31.11 where shares opened Wednesday, Eade said the electronic marketplace has more room to run.
- Packaging Corporation of America - This cardboard manufacturer is a supplier to Amazon.com, Inc. , which is one of the reasons Argus likes it so much, saying it can be treated as sort of a backdoor play on e-commerce.
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 2016 | Morgan Stanley | Maintains | Underweight | |
| Jul 2016 | Canaccord Genuity | Maintains | Hold | |
| Jul 2016 | Cantor Fitzgerald | Maintains | Hold |
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