MKL Crosses Above Average Analyst Target
October 31, 2019 at 09:10 AM EDT
In recent trading, shares of Markel Corp (MKL) have crossed above the average analyst 12-month target price of $1156.67, changing hands for $1164.83/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..