CFX Crosses Above Average Analyst Target
November 07, 2016 at 09:46 AM EST
In recent trading, shares of Colfax Corp (CFX) have crossed above the average analyst 12-month target price of $32.50, changing hands for $32.59/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..