BNCN Crosses Above Average Analyst Target
May 19, 2017 at 09:43 AM EDT
In recent trading, shares of BNC Bancorp (BNCN) have crossed above the average analyst 12-month target price of $32.00, changing hands for $32.20/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..