FLY Crosses Above Average Analyst Target
June 28, 2019 at 08:25 AM EDT
In recent trading, shares of Fly Leasing Ltd (FLY) have crossed above the average analyst 12-month target price of $17.38, changing hands for $17.39/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..