Watts Water Technologies Reaches Analyst Target Price
September 23, 2016 at 10:11 AM EDT
In recent trading, shares of Watts Water Technologies Inc (WTS) have crossed above the average analyst 12-month target price of $64.20, changing hands for $64.63/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..