Resources Connection Reaches Analyst Target Price
October 06, 2017 at 08:51 AM EDT
In recent trading, shares of Resources Connection Inc (RECN) have crossed above the average analyst 12-month target price of $14.33, changing hands for $15.05/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..