Global Partners Reaches Analyst Target Price
September 23, 2016 at 09:54 AM EDT
In recent trading, shares of Global Partners LP (GLP) have crossed above the average analyst 12-month target price of $16.33, changing hands for $16.40/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..