CLI Crosses Above Average Analyst Target
August 26, 2016 at 07:48 AM EDT
In recent trading, shares of Mack Cali Realty Corp (CLI) have crossed above the average analyst 12-month target price of $28.00, changing hands for $28.07/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..