ARII Crosses Above Average Analyst Target
September 16, 2016 at 11:19 AM EDT
In recent trading, shares of American Railcar Industries Inc (ARII) have crossed above the average analyst 12-month target price of $39.67, changing hands for $39.86/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..