ARMK Crosses Above Average Analyst Target
August 12, 2016 at 07:51 AM EDT
In recent trading, shares of Aramark (ARMK) have crossed above the average analyst 12-month target price of $37.71, changing hands for $37.74/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..