Cloud Peak Energy Reaches Analyst Target Price
May 31, 2018 at 08:23 AM EDT
In recent trading, shares of Cloud Peak Energy Inc (CLD) have crossed above the average analyst 12-month target price of $3.56, changing hands for $4.00/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..