Sociedad Quimica y Minera de Chile Reaches Analyst Target Price

Shares of Sociedad Quimica y Minera de Chile S.A. (SQM) have crossed above the average analyst 12-month target price of $53.00, changing hands for $53.52/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. 

Source: Nasdaq