KHC Crosses Above Average Analyst Target
November 01, 2019 at 09:33 AM EDT
In recent trading, shares of Kraft Heinz Co (KHC) have crossed above the average analyst 12-month target price of $30.36, changing hands for $32.33/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..