RBC Crosses Above Average Analyst Target
February 22, 2017 at 09:18 AM EST
In recent trading, shares of Regal Beloit Corp (RBC) have crossed above the average analyst 12-month target price of $75.00, changing hands for $75.80/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..