NINE Crosses Above Average Analyst Target
May 16, 2018 at 08:47 AM EDT
In recent trading, shares of Nine Energy Service Inc (NINE) have crossed above the average analyst 12-month target price of $33.60, changing hands for $35.64/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..