Baytex Energy Reaches Analyst Target Price
April 20, 2018 at 09:17 AM EDT
In recent trading, shares of Baytex Energy Corp (BTE) have crossed above the average analyst 12-month target price of $3.79, changing hands for $3.80/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..