CA Crosses Above Average Analyst Target
June 22, 2017 at 08:54 AM EDT
In recent trading, shares of CA Inc (CA) have crossed above the average analyst 12-month target price of $33.25, changing hands for $35.80/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..