Rexnord Reaches Analyst Target Price

In recent trading, shares of Rexnord Corp (Symbol: RXN) have crossed above the average analyst 12-month target price of $44.60, changing hands for $45.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati

In recent trading, shares of Rexnord Corp (Symbol: RXN) have crossed above the average analyst 12-month target price of $44.60, changing hands for $45.74/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuati