Tenneco Reaches Analyst Target Price
January 11, 2017 at 09:24 AM EST
In recent trading, shares of Tenneco Inc (TEN) have crossed above the average analyst 12-month target price of $64.78, changing hands for $66.74/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..