BMRC Crosses Above Average Analyst Target
January 24, 2017 at 09:20 AM EST
In recent trading, shares of Bank of Marin Bancorp (BMRC) have crossed above the average analyst 12-month target price of $67.67, changing hands for $69.55/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..