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Piper Sandler Initiates Coverage On Argan with Underweight Rating, Announces Price Target of $273

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  1. Eric Volkman

    Why Argan Stock Swooned by Almost 8% Today

    Argan stock fell nearly 8% after analyst Dimple Gosai from Piper Sandler initiated coverage with an underweight rating and $273 price target (32% below current price). Gosai cited concerns about Argan reaching capacity limits on available work crews and believes the current project award cycle has peaked, despite the company's popularity driven by AI data center buildouts.

    AGX
  2. SEC EDGAR

    8-K filing — ARGAN INC (AGX)

    Filed: 2026-09-09 AccNo: 0001104659-26-106321 Size: 182 KB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits

    AGX