Chefs' Warehouse Reaches Analyst Target Price
December 09, 2016 at 09:09 AM EST
In recent trading, shares of Chefs' Warehouse Inc (CHEF) have crossed above the average analyst 12-month target price of $14.25, changing hands for $14.50/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..