International Paper Reaches Analyst Target Price
July 18, 2016 at 08:07 AM EDT
In recent trading, shares of International Paper Co (IP) have crossed above the average analyst 12-month target price of $44.40, changing hands for $45.47/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..