IRET Crosses Above Average Analyst Target
August 09, 2019 at 09:54 AM EDT
In recent trading, shares of Investors Real Estate Trust (IRET) have crossed above the average analyst 12-month target price of $65.38, changing hands for $68.84/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..