Umpqua Holdings Reaches Analyst Target Price
August 10, 2016 at 07:36 AM EDT
In recent trading, shares of Umpqua Holdings Corp (UMPQ) have crossed above the average analyst 12-month target price of $15.83, changing hands for $15.96/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..