INFN Crosses Above Average Analyst Target
November 15, 2019 at 09:38 AM EST
In recent trading, shares of Infinera Corp (INFN) have crossed above the average analyst 12-month target price of $6.16, changing hands for $6.36/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..