ALRS Crosses Above Average Analyst Target
May 28, 2020 at 09:16 AM EDT
In recent trading, shares of Alerus Financial Corp (ALRS) have crossed above the average analyst 12-month target price of $18.33, changing hands for $18.41/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..