Mack Cali Realty Reaches Analyst Target Price
December 09, 2016 at 09:03 AM EST
In recent trading, shares of Mack Cali Realty Corp (CLI) have crossed above the average analyst 12-month target price of $28.86, changing hands for $29.17/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..