Welltower Reaches Analyst Target Price
August 26, 2016 at 07:48 AM EDT
In recent trading, shares of Welltower Inc (HCN) have crossed above the average analyst 12-month target price of $76.64, changing hands for $77.00/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..