UBSI Crosses Above Average Analyst Target
May 05, 2017 at 11:07 AM EDT
In recent trading, shares of United Bankshares Inc (UBSI) have crossed above the average analyst 12-month target price of $40.50, changing hands for $40.70/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..