AU Crosses Above Average Analyst Target
February 20, 2019 at 09:30 AM EST
In recent trading, shares of AngloGold Ashanti Ltd (AU) have crossed above the average analyst 12-month target price of $14.93, changing hands for $14.98/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..