CBSH Crosses Above Average Analyst Target
September 21, 2017 at 09:40 AM EDT
In recent trading, shares of Commerce Bancshares Inc (CBSH) have crossed above the average analyst 12-month target price of $56.22, changing hands for $56.40/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..