HCP Reaches Analyst Target Price
June 25, 2018 at 08:15 AM EDT
In recent trading, shares of HCP Inc (HCP) have crossed above the average analyst 12-month target price of $24.81, changing hands for $24.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..