AAP Crosses Above Average Analyst Target
July 26, 2016 at 07:58 AM EDT
In recent trading, shares of Advance Auto Parts Inc (AAP) have crossed above the average analyst 12-month target price of $166.40, changing hands for $166.67/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..