WBS Crosses Above Average Analyst Target
July 29, 2016 at 07:46 AM EDT
In recent trading, shares of Webster Financial Corp (WBS) have crossed above the average analyst 12-month target price of $36.06, changing hands for $36.20/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..