FN Crosses Above Average Analyst Target
August 15, 2018 at 07:40 AM EDT
In recent trading, shares of Fabrinet (FN) have crossed above the average analyst 12-month target price of $42.83, changing hands for $43.29/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..