Medtronic Reaches Analyst Target Price
August 21, 2019 at 08:06 AM EDT
In recent trading, shares of Medtronic PLC (MDT) have crossed above the average analyst 12-month target price of $105.28, changing hands for $106.91/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..