CBT Crosses Above Average Analyst Target

by Trading & Investing | 02/16/2022, 06:25

In recent trading, shares of Cabot Corp. (Symbol: CBT) have crossed above the average analyst 12-month target price of $72.14, changing hands for $72.75/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation

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