TD Crosses Above Average Analyst Target
November 25, 2020 at 09:19 AM EST
In recent trading, shares of Toronto Dominion Bank (TD) have crossed above the average analyst 12-month target price of $54.57, changing hands for $54.80/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..