ECA Crosses Above Average Analyst Target
August 19, 2016 at 07:59 AM EDT
In recent trading, shares of EnCana Corp (ECA) have crossed above the average analyst 12-month target price of $9.77, changing hands for $10.15/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..