PRA Crosses Above Average Analyst Target
August 20, 2019 at 09:35 AM EDT
In recent trading, shares of ProAssurance Corp (PRA) have crossed above the average analyst 12-month target price of $39.25, changing hands for $39.60/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..