AKR Crosses Above Average Analyst Target
June 08, 2020 at 08:50 AM EDT
In recent trading, shares of Acadia Realty Trust (AKR) have crossed above the average analyst 12-month target price of $16.00, changing hands for $16.70/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..