Amcor Reaches Analyst Target Price
July 26, 2019 at 08:15 AM EDT
In recent trading, shares of Amcor plc (AMCR) have crossed above the average analyst 12-month target price of $10.89, changing hands for $10.98/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..