Fabrinet Reaches Analyst Target Price
November 08, 2018 at 08:33 AM EST
In recent trading, shares of Fabrinet (FN) have crossed above the average analyst 12-month target price of $50.60, changing hands for $52.76/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..