Argan analyst day increased Lake Street confidence

Lake Street says Argan’s (AGX) analyst day increased the firm’s confidence in the project pipeline and the company’s ability to drive improved margins and a long duration of earnings. Though tariffs are a potential risk to new project activity, this is a long-term market that has secular needs and the firm believe risks from tariffs are “low,” adds the analyst, who maintains a Buy rating and $150 price target on Argan shares.