Alere Reaches Analyst Target Price
September 29, 2017 at 08:39 AM EDT
In recent trading, shares of Alere Inc (ALR) have crossed above the average analyst 12-month target price of $50.67, changing hands for $50.74/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..