PCTI Crosses Above Average Analyst Target
May 09, 2017 at 09:17 AM EDT
In recent trading, shares of PC-Tel Inc (PCTI) have crossed above the average analyst 12-month target price of $8.17, changing hands for $8.18/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..