SANM Crosses Above Average Analyst Target
October 03, 2016 at 09:43 AM EDT
In recent trading, shares of Sanmina Corp (SANM) have crossed above the average analyst 12-month target price of $28.33, changing hands for $28.47/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..