Meritor Reaches Analyst Target Price
January 03, 2020 at 09:31 AM EST
In recent trading, shares of Meritor Inc (MTOR) have crossed above the average analyst 12-month target price of $26.29, changing hands for $26.64/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..