Magna International Reaches Analyst Target Price
October 11, 2017 at 08:33 AM EDT
In recent trading, shares of Magna International Inc (MGA) have crossed above the average analyst 12-month target price of $54.20, changing hands for $55.28/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..