KND Crosses Above Average Analyst Target
November 08, 2017 at 09:13 AM EST
In recent trading, shares of Kindred Healthcare Inc (KND) have crossed above the average analyst 12-month target price of $7.92, changing hands for $8.40/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..