CHE Crosses Above Average Analyst Target
July 29, 2019 at 08:12 AM EDT
In recent trading, shares of Chemed Corp (CHE) have crossed above the average analyst 12-month target price of $379.33, changing hands for $386.01/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..