Equity Lifestyle Properties Reaches Analyst Target Price
August 23, 2016 at 07:52 AM EDT
In recent trading, shares of Equity Lifestyle Properties Inc (ELS) have crossed above the average analyst 12-month target price of $78.33, changing hands for $78.48/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..