TGP Crosses Above Average Analyst Target
October 04, 2016 at 08:46 AM EDT
In recent trading, shares of Teekay LNG Partners LP (TGP) have crossed above the average analyst 12-month target price of $15.17, changing hands for $15.94/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..