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Fly News Breaks for September 6, 2018
AGX
Sep 6, 2018 | 08:43 EDT
Lake Street analyst Robert Brown views Argan's Q2 results as "strong" on "good margin recovery." The stock is "putting in a bottom" and is "inexpensive" on what the company can generate next year, Brown tells investors in a post-earnings research note. Further, he believes new projects are pending "that can propel backlog to near prior peak levels." The analyst reiterates a Buy rating on Argan with a $56 price target.
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