APAM Crosses Above Average Analyst Target
August 08, 2016 at 08:07 AM EDT
In recent trading, shares of Artisan Partners Asset Management Inc (APAM) have crossed above the average analyst 12-month target price of $28.50, changing hands for $29.00/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..