ACN Crosses Above Average Analyst Target
September 20, 2018 at 07:19 AM EDT
In recent trading, shares of Accenture plc (ACN) have crossed above the average analyst 12-month target price of $172.56, changing hands for $173.14/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..