Evercore Reaches Analyst Target Price
July 19, 2018 at 07:55 AM EDT
In recent trading, shares of Evercore Inc (EVR) have crossed above the average analyst 12-month target price of $110.50, changing hands for $111.60/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..