CRI Crosses Above Average Analyst Target
July 21, 2016 at 09:34 AM EDT
In recent trading, shares of Carter's Inc (CRI) have crossed above the average analyst 12-month target price of $110.00, changing hands for $110.71/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..