MT Crosses Above Average Analyst Target
January 03, 2018 at 09:28 AM EST
In recent trading, shares of ArcelorMittal SA (MT) have crossed above the average analyst 12-month target price of $32.96, changing hands for $34.08/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..