MRC Crosses Above Average Analyst Target
November 11, 2016 at 09:22 AM EST
In recent trading, shares of MRC Global Inc (MRC) have crossed above the average analyst 12-month target price of $16.57, changing hands for $17.84/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..