MLCO Crosses Above Average Analyst Target
April 17, 2018 at 09:12 AM EDT
In recent trading, shares of Melco Resorts & Entertainment Ltd (MLCO) have crossed above the average analyst 12-month target price of $31.51, changing hands for $31.59/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..