CXW Crosses Above Average Analyst Target
April 26, 2017 at 10:11 AM EDT
In recent trading, shares of CoreCivic Inc (CXW) have crossed above the average analyst 12-month target price of $34.33, changing hands for $34.45/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..