KEITH BOWMAN HARGREAVES LANSDOWNE
For now, management appears to have moved some way in convincing investors that the company can prosper in the internet age...In all, analyst opinion has thawed from a ‘sell’ to a weak ‘hold’, with the group becoming a surprise Christmas winner.
PHILIP DORGAN PANMURE GORDON
This is a much better than expected statement ... However, it is but one quarter against very soft comparables and is not enough for us to change our fundamental view. Argos’s competitors are too big, too nimble and its plans for change will take too long to implement.
MARK PHOTIADES N+1 SINGER
Yesterday’s figures highlight a good performance from Argos over peak albeit further weakness at Homebase... We remain cautious on the longer term outlook for the business believing more radical action is needed, especially around the store portfolio.