Western Asset Mortgage Capital Reaches Analyst Target Price
August 05, 2016 at 07:50 AM EDT
In recent trading, shares of Western Asset Mortgage Capital Corp (WMC) have crossed above the average analyst 12-month target price of $10.06, changing hands for $10.19/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..