CTAS Crosses Above Average Analyst Target
December 06, 2016 at 09:29 AM EST
In recent trading, shares of Cintas Corporation (CTAS) have crossed above the average analyst 12-month target price of $117.20, changing hands for $118.05/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..