SKY Crosses Above Average Analyst Target
April 29, 2020 at 08:50 AM EDT
In recent trading, shares of Skyline Champion Corp (SKY) have crossed above the average analyst 12-month target price of $19.00, changing hands for $20.59/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..