JPMorgan Scales Back Argan Price Target, Sees 106% Upside Potential
JPMorgan Chase & Co. lowered its price target for Argan (NYSE:AGX) to $785.00 from $800.00 in a research report issued on Tuesday, according to MarketBeat.
The brokerage currently has an 'overweight' rating on the construction company's stock and believes it could see a potential upside of 106.36% from its previous close.
This is not the only change Argan has seen recently - several other brokerages have weighed in on the company, with some upgrading their ratings while others downgraded them.