CHMT Crosses Above Average Analyst Target
November 04, 2016 at 09:56 AM EDT
In recent trading, shares of Chemtura Corp (CHMT) have crossed above the average analyst 12-month target price of $32.75, changing hands for $32.85/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..