EWBC Crosses Above Average Analyst Target
December 21, 2016 at 09:42 AM EST
In recent trading, shares of East West Bancorp, Inc (EWBC) have crossed above the average analyst 12-month target price of $50.84, changing hands for $50.98/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..