IPI Crosses Above Average Analyst Target
March 16, 2018 at 09:29 AM EDT
In recent trading, shares of Intrepid Potash Inc (IPI) have crossed above the average analyst 12-month target price of $3.83, changing hands for $3.84/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..