BELFB Crosses Above Average Analyst Target

In recent trading, shares of Bel Fuse Inc (BELFB) have crossed above the average analyst 12-month target price of $67.67, changing hands for $68.83/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..