TCPC Crosses Above Average Analyst Target
November 17, 2020 at 08:58 AM EST
In recent trading, shares of BlackRock TCP Capital Corp (TCPC) have crossed above the average analyst 12-month target price of $11.00, changing hands for $11.23/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..