ABR Crosses Above Average Analyst Target
July 24, 2017 at 08:48 AM EDT
In recent trading, shares of Arbor Realty Trust Inc (ABR) have crossed above the average analyst 12-month target price of $8.33, changing hands for $8.37/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..