Rice Energy Reaches Analyst Target Price
August 05, 2016 at 08:05 AM EDT
In recent trading, shares of Rice Energy Inc (RICE) have crossed above the average analyst 12-month target price of $24.57, changing hands for $25.29/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..