ICHR Crosses Above Average Analyst Target
June 14, 2017 at 09:48 AM EDT
In recent trading, shares of Ichor Holdings Ltd (ICHR) have crossed above the average analyst 12-month target price of $23.00, changing hands for $23.33/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..