Independent Investment Research is upgrading its rating on Argo Investments (ASX:ARG) from “Recommended Plus” to “Highly Recommended”. IIR has always held Argo in high regard, but over the years our conviction has been cemented that Argo is truly best-of-breed in the listed investment company sector. The positives of Argo far outweigh the negatives in the view of IIR. Investors can gain confidence from a long track-record in which the Manager has generally achieved its investment objectives, and particularly in delivering a stable, growing and fully-franked dividend. Read the full report for our detailed view of Argo.
Peter has 35 years’ experience in the banking and finance industry, including 15 years as an equities analyst. Peter was a sector head in the equities research team at Morningstar with a focus on consumer and industrial companies.