California Resources Reaches Analyst Target Price
January 12, 2018 at 09:36 AM EST
In recent trading, shares of California Resources Corp (CRC) have crossed above the average analyst 12-month target price of $21.00, changing hands for $21.55/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..