Seaspan Reaches Analyst Target Price
May 09, 2018 at 09:13 AM EDT
In recent trading, shares of Seaspan Corp (SSW) have crossed above the average analyst 12-month target price of $8.65, changing hands for $8.78/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..