Houlihan Lokey Reaches Analyst Target Price
June 21, 2018 at 07:48 AM EDT
In recent trading, shares of Houlihan Lokey Inc (HLI) have crossed above the average analyst 12-month target price of $52.50, changing hands for $52.52/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..