PSEC Crosses Above Average Analyst Target
July 19, 2016 at 08:16 AM EDT
In recent trading, shares of Prospect Capital Corporation (PSEC) have crossed above the average analyst 12-month target price of $8.30, changing hands for $8.32/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..