FPI Crosses Above Average Analyst Target
December 18, 2017 at 09:05 AM EST
In recent trading, shares of Farmland Partners Inc (FPI) have crossed above the average analyst 12-month target price of $9.44, changing hands for $9.52/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..