Teekay Reaches Analyst Target Price
June 28, 2017 at 09:44 AM EDT
In recent trading, shares of Teekay Corp (TK) have crossed above the average analyst 12-month target price of $6.33, changing hands for $6.44/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..