AWR Crosses Above Average Analyst Target
September 20, 2016 at 09:44 AM EDT
In recent trading, shares of American States Water Co (AWR) have crossed above the average analyst 12-month target price of $39.50, changing hands for $39.57/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..