GLYC Crosses Above Average Analyst Target
May 22, 2017 at 10:47 AM EDT
In recent trading, shares of GlycoMimetics Inc (GLYC) have crossed above the average analyst 12-month target price of $12.67, changing hands for $12.76/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..