Horizon Bancorp Reaches Analyst Target Price
February 02, 2021 at 09:15 AM EST
In recent trading, shares of Horizon Bancorp Inc (HBNC) have crossed above the average analyst 12-month target price of $16.00, changing hands for $16.80/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..