German American Bancorp Reaches Analyst Target Price
August 19, 2016 at 08:05 AM EDT
In recent trading, shares of German American Bancorp Inc (GABC) have crossed above the average analyst 12-month target price of $35.40, changing hands for $35.45/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..