FMER Crosses Above Average Analyst Target
July 14, 2016 at 15:58 PM EDT
In recent trading, shares of FirstMerit Corp (FMER) have crossed above the average analyst 12-month target price of $20.63, changing hands for $20.83/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..