MTN Crosses Above Average Analyst Target
August 17, 2017 at 09:07 AM EDT
In recent trading, shares of Vail Resorts Inc (MTN) have crossed above the average analyst 12-month target price of $219.25, changing hands for $221.55/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..