DOV Crosses Above Average Analyst Target
July 18, 2016 at 08:08 AM EDT
In recent trading, shares of Dover Corp (DOV) have crossed above the average analyst 12-month target price of $72.64, changing hands for $73.11/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..