Colony Capital Reaches Analyst Target Price
March 10, 2021 at 08:33 AM EST
In recent trading, shares of Colony Capital Inc (CLNY) have crossed above the average analyst 12-month target price of $6.42, changing hands for $6.68/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..