C Crosses Above Average Analyst Target
December 09, 2016 at 09:01 AM EST
In recent trading, shares of Citigroup Inc (C) have crossed above the average analyst 12-month target price of $59.20, changing hands for $60.15/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..