MEC Crosses Above Average Analyst Target
March 10, 2021 at 08:40 AM EST
In recent trading, shares of Mayville Engineering Co Inc (MEC) have crossed above the average analyst 12-month target price of $16.00, changing hands for $16.27/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..