MNK Crosses Above Average Analyst Target
June 20, 2018 at 07:39 AM EDT
In recent trading, shares of Mallinckrodt plc (MNK) have crossed above the average analyst 12-month target price of $19.56, changing hands for $20.18/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..