CADE Crosses Above Average Analyst Target
January 07, 2021 at 08:09 AM EST
In recent trading, shares of Cadence Bancorporation (CADE) have crossed above the average analyst 12-month target price of $16.71, changing hands for $18.22/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..