UGP Crosses Above Average Analyst Target
May 06, 2024 at 07:10 AM EDT
In recent trading, shares of Ultrapar Participacoes SA (UGP) have crossed above the average analyst 12-month target price of $5.30, changing hands for $5.31/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..