XOMA Reaches Analyst Target Price
October 19, 2016 at 09:10 AM EDT
In recent trading, shares of XOMA Corp (XOMA) have crossed above the average analyst 12-month target price of $1.09, changing hands for $6.24/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..