Apartment Income REIT Reaches Analyst Target Price
December 03, 2021 at 08:56 AM EST
In recent trading, shares of Apartment Income REIT Corp (AIRC) have crossed above the average analyst 12-month target price of $50.88, changing hands for $51.66/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..