TAP Crosses Above Average Analyst Target
November 24, 2020 at 08:49 AM EST
In recent trading, shares of Molson Coors Beverage Co (TAP) have crossed above the average analyst 12-month target price of $44.10, changing hands for $44.13/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..