ABB Crosses Above Average Analyst Target
March 02, 2017 at 09:16 AM EST
In recent trading, shares of ABB Ltd (ABB) have crossed above the average analyst 12-month target price of $22.67, changing hands for $22.98/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..