GE Crosses Above Average Analyst Target
December 13, 2019 at 09:46 AM EST
In recent trading, shares of General Electric Co (GE) have crossed above the average analyst 12-month target price of $11.28, changing hands for $11.44/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..