Bank Mutual Reaches Analyst Target Price
November 10, 2016 at 10:43 AM EST
In recent trading, shares of Bank Mutual Corp (BKMU) have crossed above the average analyst 12-month target price of $8.25, changing hands for $8.30/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..