ACGL Crosses Above Average Analyst Target
May 19, 2017 at 09:39 AM EDT
In recent trading, shares of Arch Capital Group Ltd (ACGL) have crossed above the average analyst 12-month target price of $94.75, changing hands for $95.26/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..