CB Crosses Above Average Analyst Target
June 16, 2017 at 09:09 AM EDT
In recent trading, shares of Chubb Ltd (CB) have crossed above the average analyst 12-month target price of $146.71, changing hands for $147.40/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..