APO Crosses Above Average Analyst Target
January 09, 2017 at 09:26 AM EST
In recent trading, shares of Apollo Global Management LLC (APO) have crossed above the average analyst 12-month target price of $20.70, changing hands for $21.42/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..