Sanderson Farms Reaches Analyst Target Price
July 22, 2016 at 07:55 AM EDT
In recent trading, shares of Sanderson Farms Inc (SAFM) have crossed above the average analyst 12-month target price of $87.33, changing hands for $88.08/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..