WMGI Crosses Above Average Analyst Target
June 21, 2018 at 08:03 AM EDT
In recent trading, shares of Wright Medical Group NV (WMGI) have crossed above the average analyst 12-month target price of $26.92, changing hands for $27.24/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..