ALJ Crosses Above Average Analyst Target
August 04, 2016 at 11:23 AM EDT
In recent trading, shares of Alon USA Energy Inc (ALJ) have crossed above the average analyst 12-month target price of $7.20, changing hands for $7.33/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..