61 Broadway, 17th Floor
New York, NY 10006
212.425.7500, ext. 3047
Fax: 212.509.5408
pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
New York, NY 10006
212.425.7500, ext. 3047
Fax: 212.509.5408
pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
About Argus Research Corporation
Argus Research is a leading independent investment research organization providing quality research since 1934. Argus analysts, economists, and portfolio strategists forecast and monitor economic trends, analyze industries, and issue recommendations (buy, hold or sell) on a universe of 500 stocks. Each Argus rating must have a clear, reasonable, and adequate basis. The process starts with the analyst's application of our rigorous six-point system which includes meetings with senior managers. This methodology combined with our independence enables us to develop ideas which are then communicated in a straight forward manner to our clients, making them compete effectively in the marketplace.
Argus Research Corporation's Articles
Our “Buy” rating on Morgan Stanley (MS) reflects expectations for strong revenues from capital markets businesses in 2025. We see a healthy environment for the company’s Wealth Management franchise, which is nearly 50% of revenues, as record equity market valuations and good inflows all lead to higher assets under management, notes Stephen Biggar, analyst at Argus Research.
We are reiterating our “Buy” rating and raising our target to $470 from $450 on Berkshire Hathaway Inc. (BRK.B). We have a positive view of the conglomerate nature of Berkshire, whose stock returns have doubled those of the S&P 500 since 1965 (compound annual growth of 19.8% versus 10.2% for the index), says Stephen Biggar, analyst at Argus Research.
We are raising our rating on Goldman Sachs Group Inc. (GS) to “Buy” from “Hold” following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn. The environment offered a few false rebounds in 2023, but the current surge appears to have staying power, suggests Stephen Biggar, analyst at Argus Research.
Our BUY rating on Apollo Global Management (APO) reflects the company’s strong position among alternative asset managers and ability to generate cash in a wide variety of market environments, notes Stephen Biggar, analyst at Argus Research.

