AGX Crosses Above Average Analyst Target
April 12, 2017 at 10:09 AM EDT
In recent trading, shares of Argan Inc (AGX) have crossed above the average analyst 12-month target price of $70.00, changing hands for $70.40/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..