RACE Crosses Above Average Analyst Target
September 28, 2017 at 09:16 AM EDT
In recent trading, shares of Ferrari NV (RACE) have crossed above the average analyst 12-month target price of $110.20, changing hands for $110.58/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..