WMG Crosses Above Average Analyst Target
December 11, 2020 at 08:32 AM EST
In recent trading, shares of Warner Music Group Corp (WMG) have crossed above the average analyst 12-month target price of $33.75, changing hands for $33.78/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..