Tyco International Reaches Analyst Target Price
July 22, 2016 at 07:52 AM EDT
In recent trading, shares of Tyco International PLC (TYC) have crossed above the average analyst 12-month target price of $43.50, changing hands for $44.60/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..