Lake Street Upgrades Argan to Buy, Announces $600 Price Target
Lake Street analyst Robert Brown upgrades Argan (NYSE:AGX) from Hold to Buy and announces $600 price target.
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Top 3 Industrials Stocks That Are Set To Fly In September
Industrials stocks RBC Bearings, Park Aerospace and Argan show RSI near 30, signaling oversold conditions and potential buying opportunities.
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Argan shares are trading higher after the company reported better-than-expected Q2 financial results.
Argan (AGX) Q2 Earnings and Revenues Beat Estimates
Argan (AGX) reported quarterly earnings of $3.76 per share, significantly beating consensus estimates of $2.68 and delivering a 40.3% earnings surprise. The company also surpassed revenue expectations with $383.98 million. However, the stock holds a Zacks Rank #3 (Hold) rating with mixed estimate revisions. Meanwhile, Thor Industries (THO) is expected to report a 58.9% year-over-year earnings decline for the same quarter.
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