Singular Research Reiterates Arabian American Development Buy, Raises PT

Singular Research reiterated its Arabian American Development ARSD Buy rating and raised its Arabian American Development price target from $9.75 to $15.25. In the report, Singular Research states, "Based on Q3's improved results, further anticipated gains in sales volumes and margins as new contracts layer in, and earnings from the mining operation begin, we are significantly increasing our estimates and price target." Shares of Arabian American Development were trading at $6.01 at the time of posting, up 5.63% from Thursday's market close.