PSA Crosses Above Average Analyst Target
January 06, 2017 at 08:54 AM EST
In recent trading, shares of Public Storage (PSA) have crossed above the average analyst 12-month target price of $226.25, changing hands for $227.56/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..