BBY Crosses Above Average Analyst Target
June 29, 2017 at 09:14 AM EDT
In recent trading, shares of Best Buy Inc (BBY) have crossed above the average analyst 12-month target price of $56.54, changing hands for $56.77/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..