December 15th, 2015

Cowen Reaches Analyst Target Price

In recent trading, shares of Cowen Inc (COWN) have crossed above the average analyst 12-month target price of $22.00, changing hands for $22.32/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..
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