AMT Crosses Above Average Analyst Target
January 30, 2019 at 08:10 AM EST
In recent trading, shares of American Tower Corp (AMT) have crossed above the average analyst 12-month target price of $169.27, changing hands for $169.44/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..