SMG Crosses Above Average Analyst Target
December 08, 2017 at 09:44 AM EST
In recent trading, shares of Scotts Miracle-Gro Co (SMG) have crossed above the average analyst 12-month target price of $101.33, changing hands for $101.41/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..