UPS Crosses Above Average Analyst Target
September 28, 2016 at 09:03 AM EDT
In recent trading, shares of United Parcel Service Inc (UPS) have crossed above the average analyst 12-month target price of $109.67, changing hands for $110.01/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..