Akorn Reaches Analyst Target Price
January 01, 2018 at 11:53 AM EST
In recent trading, shares of Akorn Inc (AKRX) have crossed above the average analyst 12-month target price of $32.00, changing hands for $32.23/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..