EDU Crosses Above Average Analyst Target
October 26, 2016 at 09:10 AM EDT
In recent trading, shares of New Oriental Education & Technology Group Inc (EDU) have crossed above the average analyst 12-month target price of $50.75, changing hands for $53.06/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..