ED Crosses Above Average Analyst Target
March 28, 2018 at 09:13 AM EDT
In recent trading, shares of Consolidated Edison Inc (ED) have crossed above the average analyst 12-month target price of $77.58, changing hands for $77.62/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..