BANC Crosses Above Average Analyst Target
July 25, 2016 at 08:01 AM EDT
In recent trading, shares of Banc of California Inc (BANC) have crossed above the average analyst 12-month target price of $20.57, changing hands for $20.83/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..