EVR Crosses Above Average Analyst Target
April 07, 2017 at 09:20 AM EDT
In recent trading, shares of Evercore Partners Inc (EVR) have crossed above the average analyst 12-month target price of $75.00, changing hands for $76.20/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..