SAR Crosses Above Average Analyst Target
October 16, 2017 at 10:07 AM EDT
In recent trading, shares of Saratoga Investment Corp (SAR) have crossed above the average analyst 12-month target price of $22.17, changing hands for $22.27/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..