TEN Crosses Above Average Analyst Target
October 17, 2019 at 08:26 AM EDT
In recent trading, shares of Tenneco Inc (TEN) have crossed above the average analyst 12-month target price of $12.83, changing hands for $13.08/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..