Manitowoc Company Reaches Analyst Target Price
May 22, 2017 at 10:32 AM EDT
In recent trading, shares of Manitowoc Company Inc (MTW) have crossed above the average analyst 12-month target price of $5.58, changing hands for $5.63/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..