Graco Inc Reaches Analyst Target Price
August 09, 2019 at 09:53 AM EDT
In recent trading, shares of Graco Inc (GGG) have crossed above the average analyst 12-month target price of $47.00, changing hands for $47.19/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..