BMI Crosses Above Average Analyst Target
April 27, 2018 at 09:22 AM EDT
In recent trading, shares of Badger Meter Inc (BMI) have crossed above the average analyst 12-month target price of $42.25, changing hands for $42.60/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..