KS Crosses Above Average Analyst Target
October 11, 2018 at 08:09 AM EDT
In recent trading, shares of KapStone Paper & Packaging Corp (KS) have crossed above the average analyst 12-month target price of $32.50, changing hands for $33.09/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..