NGL Crosses Above Average Analyst Target
November 10, 2017 at 08:32 AM EST
In recent trading, shares of NGL Energy Partners LP (NGL) have crossed above the average analyst 12-month target price of $12.60, changing hands for $12.90/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..