Resolute Forest Products Reaches Analyst Target Price
August 18, 2016 at 08:57 AM EDT
In recent trading, shares of Resolute Forest Products Inc (RFP) have crossed above the average analyst 12-month target price of $5.95, changing hands for $6.00/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..