State Bank Financial Reaches Analyst Target Price
November 15, 2016 at 09:48 AM EST
In recent trading, shares of State Bank Financial Corp (STBZ) have crossed above the average analyst 12-month target price of $25.10, changing hands for $25.15/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..