CDR Crosses Above Average Analyst Target
October 02, 2017 at 09:15 AM EDT
In recent trading, shares of Cedar Realty Trust Inc (CDR) have crossed above the average analyst 12-month target price of $5.58, changing hands for $5.62/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..