FTR Crosses Above Average Analyst Target
May 16, 2018 at 09:24 AM EDT
In recent trading, shares of Frontier Communications Corp (FTR) have crossed above the average analyst 12-month target price of $9.25, changing hands for $9.31/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..