MX Crosses Above Average Analyst Target
February 03, 2017 at 09:03 AM EST
In recent trading, shares of MagnaChip Semiconductor Corp (MX) have crossed above the average analyst 12-month target price of $8.67, changing hands for $8.75/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..