Vectren Reaches Analyst Target Price
February 03, 2017 at 08:53 AM EST
In recent trading, shares of Vectren Corp (VVC) have crossed above the average analyst 12-month target price of $54.00, changing hands for $54.60/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..