PPD Crosses Above Average Analyst Target
July 23, 2020 at 10:23 AM EDT
In recent trading, shares of PPD Inc (PPD) have crossed above the average analyst 12-month target price of $31.29, changing hands for $31.94/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..