BY Crosses Above Average Analyst Target
March 21, 2018 at 08:26 AM EDT
In recent trading, shares of Byline Bancorp Inc (BY) have crossed above the average analyst 12-month target price of $24.25, changing hands for $24.31/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..