ABT Crosses Above Average Analyst Target
June 23, 2017 at 09:29 AM EDT
In recent trading, shares of Abbott Laboratories (ABT) have crossed above the average analyst 12-month target price of $49.00, changing hands for $49.27/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..