CBL Crosses Above Average Analyst Target
August 16, 2016 at 07:37 AM EDT
In recent trading, shares of CBL & Associates Properties Inc (CBL) have crossed above the average analyst 12-month target price of $13.00, changing hands for $13.18/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..