ARCX Crosses Above Average Analyst Target
August 30, 2017 at 09:29 AM EDT
In recent trading, shares of ARC Logistics Partners LP (ARCX) have crossed above the average analyst 12-month target price of $15.50, changing hands for $16.44/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..