Canaccord analyst George Gianarikas lowered the firm’s price target on Arq (ARQ) to $5 from $7.50 and keeps a Buy rating on the shares. The firm acknowledges it will take some time for ARQ to regain investors’ confidence given recent GAC execution challenges along with the leadership turnover, but following the selloff they find the risk/reward quite attractive from here, with the near-term focus firmly on profitable growth for the core PAC business.
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Read More on ARQ:
- Arq Warns That Lack of Strategic Industry Partnerships Could Limit Corbin Facility Output and Weigh on Financial Performance
- Arq price target lowered to $6.50 from $8 at Clear Street
- Arq to pause GAC production
- Arq says Jay Voncannon will no longer serve as CFO
- Arq sees FY26 revenue $120M-$125M, consensus $136.94M