Argan is trading at $630.85 (+4.76%) after lifting its full-year rental income guidance to at least €221 million following a strong first-half update.
- The company reported €109.7 million in H1 rental income, up 4%, while maintaining a 100% occupancy rate.
- Jefferies reiterated its buy rating on the stock, citing the improved outlook and a supportive market backdrop for the Nasdaq and S&P 500.