BlueLinx Holdings Reaches Analyst Target Price
August 09, 2021 at 08:34 AM EDT
In recent trading, shares of BlueLinx Holdings Inc (BXC) have crossed above the average analyst 12-month target price of $57.00, changing hands for $57.33/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..