Laredo Petroleum Reaches Analyst Target Price
August 19, 2016 at 08:01 AM EDT
In recent trading, shares of Laredo Petroleum, Inc (LPI) have crossed above the average analyst 12-month target price of $12.56, changing hands for $12.89/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..