RAD Crosses Above Average Analyst Target
January 12, 2018 at 09:25 AM EST
In recent trading, shares of Rite Aid Corp (RAD) have crossed above the average analyst 12-month target price of $2.30, changing hands for $2.34/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..