DRQ Crosses Above Average Analyst Target
December 01, 2016 at 09:26 AM EST
In recent trading, shares of Dril-Quip Inc (DRQ) have crossed above the average analyst 12-month target price of $54.85, changing hands for $56.55/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..