TPC Crosses Above Average Analyst Target
March 12, 2021 at 08:48 AM EST
In recent trading, shares of Tutor Perini Corp (TPC) have crossed above the average analyst 12-month target price of $19.33, changing hands for $19.67/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..