MTB Crosses Above Average Analyst Target
July 31, 2017 at 10:08 AM EDT
In recent trading, shares of M & T Bank Corp (MTB) have crossed above the average analyst 12-month target price of $159.64, changing hands for $160.59/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..