MRUS Crosses Above Average Analyst Target
January 11, 2021 at 08:03 AM EST
In recent trading, shares of Merus NV (MRUS) have crossed above the average analyst 12-month target price of $20.50, changing hands for $20.73/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..