Ruth's Hospitality Group Reaches Analyst Target Price
January 15, 2018 at 12:09 PM EST
In recent trading, shares of Ruth's Hospitality Group Inc (RUTH) have crossed above the average analyst 12-month target price of $22.33, changing hands for $22.40/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..