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DAQO New Energy Reaches Analyst Target Price

In recent trading, shares of DAQO New Energy Corp (DQ) have crossed above the average analyst 12-month target price of $22.51, changing hands for $24.60/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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DAQO New Energy Corp. (DQ)