LTM Crosses Above Average Analyst Target
February 04, 2019 at 08:07 AM EST
In recent trading, shares of LATAM Airlines Group SA (LTM) have crossed above the average analyst 12-month target price of $11.67, changing hands for $11.77/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..