TX Crosses Above Average Analyst Target
November 04, 2016 at 09:56 AM EDT
In recent trading, shares of Ternium S A (TX) have crossed above the average analyst 12-month target price of $24.60, changing hands for $26.01/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..