SIR Crosses Above Average Analyst Target
September 18, 2018 at 07:52 AM EDT
In recent trading, shares of Select Income REIT (SIR) have crossed above the average analyst 12-month target price of $21.67, changing hands for $21.75/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..