Sierra Bancorp Reaches Analyst Target Price
May 11, 2020 at 08:39 AM EDT
In recent trading, shares of Sierra Bancorp (BSRR) have crossed above the average analyst 12-month target price of $18.50, changing hands for $18.63/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..