Alliance Resource Partners Reaches Analyst Target Price
November 10, 2016 at 10:29 AM EST
In recent trading, shares of Alliance Resource Partners LP (ARLP) have crossed above the average analyst 12-month target price of $24.75, changing hands for $25.20/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..