COST Crosses Above Average Analyst Target
February 22, 2017 at 09:12 AM EST
In recent trading, shares of Costco Wholesale Corp (COST) have crossed above the average analyst 12-month target price of $175.88, changing hands for $176.94/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..