GGG Crosses Above Average Analyst Target
November 15, 2016 at 09:30 AM EST
In recent trading, shares of Graco Inc (GGG) have crossed above the average analyst 12-month target price of $80.14, changing hands for $81.44/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..