FET Crosses Above Average Analyst Target
July 15, 2016 at 09:22 AM EDT
In recent trading, shares of Forum Energy Technologies Inc (FET) have crossed above the average analyst 12-month target price of $16.38, changing hands for $16.50/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..