Valley National Bancorp Reaches Analyst Target Price
August 30, 2016 at 09:49 AM EDT
In recent trading, shares of Valley National Bancorp (VLY) have crossed above the average analyst 12-month target price of $9.56, changing hands for $9.61/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..