Perrigo Company Reaches Analyst Target Price
September 13, 2017 at 09:41 AM EDT
In recent trading, shares of Perrigo Company plc (PRGO) have crossed above the average analyst 12-month target price of $85.93, changing hands for $89.01/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..