TREE Crosses Above Average Analyst Target
April 28, 2017 at 09:05 AM EDT
In recent trading, shares of LendingTree Inc (TREE) have crossed above the average analyst 12-month target price of $137.50, changing hands for $142.40/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..