ISBC Crosses Above Average Analyst Target
May 17, 2021 at 11:50 AM EDT
In recent trading, shares of Investors Bancorp Inc (ISBC) have crossed above the average analyst 12-month target price of $15.00, changing hands for $15.02/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..