RLI Reaches Analyst Target Price
November 10, 2020 at 10:21 AM EST
In recent trading, shares of RLI Corp (RLI) have crossed above the average analyst 12-month target price of $97.00, changing hands for $98.50/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..