CMD Crosses Above Average Analyst Target
December 07, 2020 at 07:53 AM EST
In recent trading, shares of Cantel Medical Corp (CMD) have crossed above the average analyst 12-month target price of $63.00, changing hands for $63.18/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..