FG Crosses Above Average Analyst Target
March 11, 2020 at 10:10 AM EDT
In recent trading, shares of FGL Holdings (FG) have crossed above the average analyst 12-month target price of $11.17, changing hands for $11.34/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..