ARC Group Worldwide Reaches Analyst Target Price
November 29, 2016 at 09:08 AM EST
In recent trading, shares of ARC Group Worldwide Inc (ARCW) have crossed above the average analyst 12-month target price of $5.17, changing hands for $5.80/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..