MTW Crosses Above Average Analyst Target
November 11, 2016 at 09:10 AM EST
In recent trading, shares of Manitowoc Company Inc (MTW) have crossed above the average analyst 12-month target price of $4.72, changing hands for $5.19/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..