CACC Crosses Above Average Analyst Target
November 10, 2016 at 10:29 AM EST
In recent trading, shares of Credit Acceptance Corp (CACC) have crossed above the average analyst 12-month target price of $174.60, changing hands for $177.72/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..