CIO Crosses Above Average Analyst Target
December 22, 2021 at 08:36 AM EST
In recent trading, shares of City Office REIT Inc (CIO) have crossed above the average analyst 12-month target price of $18.80, changing hands for $19.08/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..