TOWN Crosses Above Average Analyst Target
December 29, 2020 at 08:10 AM EST
In recent trading, shares of TowneBank (TOWN) have crossed above the average analyst 12-month target price of $23.67, changing hands for $23.85/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..