TCG BDC Reaches Analyst Target Price
October 05, 2020 at 08:44 AM EDT
In recent trading, shares of TCG BDC Inc (CGBD) have crossed above the average analyst 12-month target price of $9.00, changing hands for $9.09/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..