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Freedom Broker Upgrades Argan (AGX) to Buy with $700 Price Target After Record Quarter
Freedom Broker has upgraded Argan (NYSE:AGX) from Hold to Buy, setting a price target of $700, following the company's strong second-quarter fiscal year 2027 results. Argan reported record revenue of $384 million, net income of $53 million, and adjusted EBITDA of $70 million for the quarter ended September 2. Analyst Sergey Glinyanov noted the company's strong execution on major power projects and 29% revenue growth over the last twelve months.
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