Hornbeck Offshore Services Reaches Analyst Target Price
December 12, 2016 at 09:00 AM EST
In recent trading, shares of Hornbeck Offshore Services Inc (HOS) have crossed above the average analyst 12-month target price of $7.81, changing hands for $8.24/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..