ABG Crosses Above Average Analyst Target
January 11, 2017 at 09:38 AM EST
In recent trading, shares of Asbury Automotive Group, Inc (ABG) have crossed above the average analyst 12-month target price of $62.67, changing hands for $63.45/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..