BJRI Crosses Above Average Analyst Target
November 02, 2016 at 09:21 AM EDT
In recent trading, shares of BJ's Restaurants Inc (BJRI) have crossed above the average analyst 12-month target price of $36.11, changing hands for $36.20/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..