CLX Crosses Above Average Analyst Target
January 18, 2017 at 09:06 AM EST
In recent trading, shares of Clorox Co (CLX) have crossed above the average analyst 12-month target price of $120.88, changing hands for $121.32/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..