TPIC Crosses Above Average Analyst Target
August 31, 2020 at 09:06 AM EDT
In recent trading, shares of TPI Composites Inc (TPIC) have crossed above the average analyst 12-month target price of $31.10, changing hands for $31.42/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..