La Quinta Holdings Reaches Analyst Target Price
May 16, 2017 at 09:03 AM EDT
In recent trading, shares of La Quinta Holdings Inc (LQ) have crossed above the average analyst 12-month target price of $14.70, changing hands for $15.17/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..