Eagle Bulk Shipping Reaches Analyst Target Price
June 17, 2021 at 08:34 AM EDT
In recent trading, shares of Eagle Bulk Shipping Inc (EGLE) have crossed above the average analyst 12-month target price of $51.60, changing hands for $52.66/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..