RECN Crosses Above Average Analyst Target
October 19, 2016 at 09:10 AM EDT
In recent trading, shares of Resources Connection Inc (RECN) have crossed above the average analyst 12-month target price of $13.67, changing hands for $14.59/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..