Anixter International Reaches Analyst Target Price
October 04, 2017 at 08:36 AM EDT
In recent trading, shares of Anixter International Inc (AXE) have crossed above the average analyst 12-month target price of $87.50, changing hands for $88.00/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..