SRC Crosses Above Average Analyst Target
August 18, 2017 at 09:52 AM EDT
In recent trading, shares of Spirit Realty Capital, Inc (SRC) have crossed above the average analyst 12-month target price of $8.53, changing hands for $8.60/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..