Loar Holdings Reaches Analyst Target Price
June 13, 2024 at 07:16 AM EDT
In recent trading, shares of Loar Holdings Inc (LOAR) have crossed above the average analyst 12-month target price of $61.00, changing hands for $64.12/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..