BGS Crosses Above Average Analyst Target
August 30, 2016 at 09:33 AM EDT
In recent trading, shares of B&G Foods Inc (BGS) have crossed above the average analyst 12-month target price of $47.17, changing hands for $47.63/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..