MMP Crosses Above Average Analyst Target
January 06, 2017 at 09:04 AM EST
In recent trading, shares of Magellan Midstream Partners LP (MMP) have crossed above the average analyst 12-month target price of $76.67, changing hands for $76.87/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..