Ferrellgas Partners Reaches Analyst Target Price
March 16, 2017 at 09:16 AM EDT
In recent trading, shares of Ferrellgas Partners LP (FGP) have crossed above the average analyst 12-month target price of $6.00, changing hands for $6.02/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..