Smith & Wesson Holding Reaches Analyst Target Price
August 11, 2016 at 08:26 AM EDT
In recent trading, shares of Smith & Wesson Holding Corp (SWHC) have crossed above the average analyst 12-month target price of $29.86, changing hands for $29.88/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..