SBY Crosses Above Average Analyst Target
November 15, 2016 at 09:28 AM EST
In recent trading, shares of Silver Bay Realty Trust Corp (SBY) have crossed above the average analyst 12-month target price of $17.75, changing hands for $17.77/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..