SLAB Crosses Above Average Analyst Target
December 06, 2016 at 09:28 AM EST
In recent trading, shares of Silicon Laboratories Inc (SLAB) have crossed above the average analyst 12-month target price of $63.71, changing hands for $64.90/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..