UNIT Crosses Above Average Analyst Target
June 13, 2018 at 07:45 AM EDT
In recent trading, shares of Uniti Group Inc (UNIT) have crossed above the average analyst 12-month target price of $22.65, changing hands for $23.24/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..