Eaton Reaches Analyst Target Price
November 10, 2016 at 09:12 AM EST
In recent trading, shares of Eaton Corp plc (ETN) have crossed above the average analyst 12-month target price of $64.08, changing hands for $66.32/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..