VAL Crosses Above Average Analyst Target
January 27, 2017 at 09:05 AM EST
In recent trading, shares of Valspar Corp (VAL) have crossed above the average analyst 12-month target price of $109.57, changing hands for $110.74/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..