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Fly News Breaks for June 12, 2018
AGX
Jun 12, 2018 | 08:51 EDT
Lake Street analyst Robert Brown believes shares of Argan are putting in a bottom following the company's better than expected Q1 results. The backlog increased for the first time in two years, shares are inexpensive on what the company can generate next year, and new projects are pending that can propel backlog to near prior peak levels, Brown tells investors in a post-earnings research note. He keeps a Buy rating on the name with a $56 price target.
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