Argus
Upgrade grade
D
Downgrade grade
D
Argus Research Company was founded in 1971 and has established itself as an independent investment research firm with a strong reputation for fundamental equity analysis. The firm operates at a mid-market scale, with their approximately 2,542 analyst ratings covering a diverse range of US equities across multiple sectors, reflecting their broad-based research approach. Argus is particularly recognized for their deep expertise in consumer, industrials, healthcare, and utilities sectors, where they provide detailed company and industry analysis to institutional and individual investors. The firm has built its reputation on contrarian thinking and rigorous fundamental research rather than following consensus, often establishing positions ahead of major market inflection points and maintaining a disciplined valuation-driven philosophy that emphasizes long-term value creation over short-term trading trends.
Upgrades
505
63.17% win rate
· avg +0.63% D1
Downgrades
492
65.24% win rate
· avg -0.59% D1
Avg Gap — Upgrades
+0.78%
open vs prev close
Avg Gap — Downgrades
-0.90%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Consumer Cyclical | 68.38% (117) | +1.02% | 68.33% (120) | -0.60% |
| Industrials | 62.30% (61) | +0.47% | 70.97% (62) | -0.86% |
| Consumer Defensive | 68.97% (58) | +1.06% | 71.19% (59) | -1.03% |
| Technology | 55.17% (58) | +0.50% | 57.41% (54) | -0.22% |
| Healthcare | 64.29% (56) | +0.43% | 63.46% (52) | -0.98% |
| Utilities | 55.26% (38) | -0.01% | 82.14% (28) | -1.44% |
| Financial Services | 55.88% (34) | +0.35% | 54.84% (31) | +0.10% |
| Energy | 73.08% (26) | +0.75% | 53.33% (30) | +0.05% |
| Basic Materials | 68.00% (25) | +0.83% | 60.00% (20) | +0.24% |
| Communication Services | 52.38% (21) | +0.32% | 66.67% (15) | -0.22% |
| Real Estate | 60.00% (10) | +0.15% | 52.63% (19) | -0.48% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 58.8% | 17 | 75.0% | 16 |
| 2025 | 78.3% | 23 | 68.0% | 25 |
| 2024 | 68.9% | 45 | 55.8% | 43 |
| 2023 | 80.0% | 30 | 69.7% | 33 |
| 2022 | 37.5% | 40 | 57.5% | 40 |
| 2021 | 75.0% | 60 | 66.7% | 39 |
| 2020 | 51.2% | 41 | 63.6% | 44 |
| 2019 | 69.2% | 26 | 63.4% | 41 |
| 2018 | 59.0% | 39 | 58.1% | 31 |
| 2017 | 52.4% | 42 | 71.4% | 35 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 13, 2026 | WEN | The Wendy's Company | Consumer Cyclical | Upgrade | Hold → Buy | $12 | +3.2% | +3.7% |
| May 13, 2026 | DOW | Dow Inc. | Basic Materials | Upgrade | Hold → Buy | — | +1.5% | -1.5% |
| May 11, 2026 | RSG | Republic Services, Inc. | Industrials | Downgrade | Buy → Hold | — | -0.2% | -1.1% |
| May 11, 2026 | FTV | Fortive Corporation | Technology | Upgrade | Hold → Buy | $68 | +1.3% | -0.2% |
| May 11, 2026 | BP | BP p.l.c. | Energy | Upgrade | Hold → Buy | $50 | +1.6% | +2.0% |
| May 6, 2026 | PLTR | Palantir Technologies Inc. | Technology | Upgrade | Hold → Buy | $190 | -1.6% | -1.6% |
| May 5, 2026 | CMG | Chipotle Mexican Grill, Inc. | Consumer Cyclical | Upgrade | Hold → Buy | — | +0.6% | +1.0% |
| Apr 30, 2026 | GNRC | Generac Holdings Inc. | Industrials | Maintains | Buy → Buy | — | +1.2% | +2.5% |
| Apr 30, 2026 | HOOD | Robinhood Markets, Inc. | Financial Services | Maintains | Buy → Buy | — | -0.0% | +2.4% |
| Apr 30, 2026 | BKNG | Booking Holdings Inc. | Consumer Cyclical | Maintains | Buy → Buy | — | +0.2% | -3.2% |
| Apr 27, 2026 | WRB | W. R. Berkley Corporation | Financial Services | Downgrade | Buy → Hold | — | -1.5% | -0.5% |
| Apr 27, 2026 | NOK | Nokia Oyj | Technology | Upgrade | Hold → Buy | $15 | +2.6% | +2.9% |
| Apr 22, 2026 | TRI | Thomson Reuters Corporation | Industrials | Initiates | Hold | — | -0.1% | -4.0% |
| Apr 22, 2026 | UNH | UnitedHealth Group Incorporated | Healthcare | Upgrade | Hold → Buy | $400 | +1.4% | +2.2% |
| Apr 21, 2026 | STT | State Street Corporation | Financial Services | Maintains | Buy → Buy | — | +0.2% | +2.3% |
| Apr 15, 2026 | IART | Integra LifeSciences Holdings Corporation | Healthcare | Downgrade | Buy → Hold | — | -4.2% | -0.3% |
| Apr 14, 2026 | ALLO | Allogene Therapeutics, Inc. | Healthcare | Maintains | Market Perform → Market Perform | — | -1.0% | -25.5% |
| Apr 14, 2026 | PNW | Pinnacle West Capital Corporation | Utilities | Maintains | Buy → Buy | — | -0.4% | +0.1% |
| Apr 6, 2026 | ETR | Entergy Corporation | Utilities | Maintains | Buy → Buy | — | -0.2% | -0.3% |
| Apr 6, 2026 | FDX | FedEx Corporation | Industrials | Maintains | Buy → Buy | — | -0.7% | -0.8% |
| Apr 6, 2026 | MDT | Medtronic plc | Healthcare | Maintains | Buy → Buy | — | -0.2% | -0.4% |
| Mar 31, 2026 | CTVA | Corteva, Inc. | Basic Materials | Maintains | Buy → Buy | — | +0.1% | +0.9% |
| Mar 26, 2026 | AES | The AES Corporation | Utilities | Downgrade | Buy → Hold | — | -0.1% | -0.4% |
| Mar 23, 2026 | ASH | Ashland Inc. | Basic Materials | Maintains | Buy → Buy | — | +2.8% | +2.3% |
| Mar 23, 2026 | AEE | Ameren Corporation | Utilities | Maintains | Buy → Buy | — | +1.0% | +0.8% |