SBLK Crosses Above Average Analyst Target
April 10, 2017 at 09:48 AM EDT
In recent trading, shares of Star Bulk Carriers Corp (SBLK) have crossed above the average analyst 12-month target price of $12.33, changing hands for $12.71/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..