Ultrapar Participacoes Reaches Analyst Target Price
December 17, 2019 at 08:26 AM EST
In recent trading, shares of Ultrapar Participacoes SA (UGP) have crossed above the average analyst 12-month target price of $5.53, changing hands for $5.58/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..