ALSN Crosses Above Average Analyst Target
November 17, 2016 at 09:05 AM EST
In recent trading, shares of Allison Transmission Holdings Inc (ALSN) have crossed above the average analyst 12-month target price of $31.29, changing hands for $31.89/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..