AG Mortgage Investment Trust Reaches Analyst Target Price
November 10, 2016 at 09:46 AM EST
In recent trading, shares of AG Mortgage Investment Trust Inc (MITT) have crossed above the average analyst 12-month target price of $16.50, changing hands for $16.62/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..