Spirit Realty Capital Reaches Analyst Target Price
May 23, 2018 at 13:47 PM EDT
In recent trading, shares of Spirit Realty Capital Inc (SRC) have crossed above the average analyst 12-month target price of $8.63, changing hands for $8.66/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..