ARA Crosses Above Average Analyst Target
October 05, 2020 at 08:34 AM EDT
In recent trading, shares of American Renal Associates Holdings Inc (ARA) have crossed above the average analyst 12-month target price of $8.00, changing hands for $11.52/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..